Mississippi State AutoTitle Loan Regulation
States that permit car-title lending as of December 2012
Right to Cure:
Title Pledge Act (Miss. Code §§ 75-67-401 to -449)
30 days, may renew if pay 10%.
30 days after loan maturity date; or 3 days after repossession. Repo w/o judicial process. If salvage, can sell immediately.
Borrower gets 85% of surplus, no deficiency
Can't pay off loan with another title loan, loan exceeds $2,500.00; sell insurance
Title or add lender as lien holder to title