Q Does Section 75-17-27 apply to landlord and tenant late fees?

A No, Section 75-17-21 et seq. relates to loans made under the Mississippi Small Loan Laws. Section 89-8-11 provides rules and regulations concerning tenant’s use and occupancy of premises. The late charge fee provisions may be included in the rental agreement. Generally, the fees must be reasonable and not usurious or unconscionable. (Attorney General’s Opinion to Ladner, October 31, 2016)