Private Money Lending in Mississippi
Mississippi offers affordable property values for private lenders, with activity centered in Jackson, the Gulf Coast, and Oxford.
This guide covers the essential legal and compliance considerations for private money lenders originating loans secured by real property in Mississippi. Whether you are a local private money lender or expanding into Mississippi from another state, understanding these requirements is critical to protecting your investments and ensuring enforceability of your loan documents.
Key Compliance Considerations for Mississippi
• Mississippi uses deeds of trust and permits fast non-judicial foreclosure through trustee's sale in 60-90 days
• There is no usury limit for business-purpose loans in Mississippi
• Mississippi has no statutory right of redemption after a non-judicial foreclosure sale
• The state requires 30 days' notice to the borrower and 3 consecutive weeks of publication before the trustee's sale
Generate Mississippi-Compliant Loan Documents
Automate Loan Docs generates complete, Mississippi-specific document packages that comply with all applicable state requirements. Every template is drafted by the attorneys at Geraci LLP, whose team has over 30 years of combined experience advising private money lenders across all 50 states — including extensive experience with Mississippi lending transactions.
This guide is for informational purposes only and does not constitute legal advice. Private lending laws are complex and change frequently. Consult with a qualified attorney before originating loans in Mississippi. The attorneys at Geraci LLP are available for state-specific legal consultation.
Related: Usury Laws by State | Deed of Trust vs Mortgage | Multi-State Lending Guide | Glossary