The extent of the liability of either the guaranty fee fund or the small businessman's loan fund to the lender shall be seventy-five percent (75%) of the principal remaining due and unpaid after the lender has fully exhausted all remedies for recovery as provided herein, and neither of these funds shall be liable for interest which the borrower owes the lender under any such loan.Codes, 1942, § 8940-144; Laws, 1972, ch. 441, § 14, eff. 7/1/1972.
Mississippi Legal Code