Mississippi § 75-17-9 - Partial payments applied.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-17-9 — Partial payments applied., with citation guidance and answers to common questions.
§ 75-17-9. Partial payments applied.
When partial payments are made, the interest that has accrued to the time of payment, if any, shall be first paid, and the residue of such partial payment shall be placed to the payment of the principal, except that the parties may agree in writing that such partial payment, or any portion thereof, shall be applied first to the payment of principal, in which case the residue shall be applied to the payment of interest that has accrued to the time of payment.
Frequently Asked Questions About Mississippi § 75-17-9
What does Mississippi Code of 1972 Annotated § 75-17-9 cover?
Section 75-17-9 ("Partial payments applied.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 75-17-9?
A common citation format is "Mississippi Code of 1972 Annotated § 75-17-9" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 75-17-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.