35 Miss. Code. R. 7-06-02-102
Current through December 10, 2024
Leased vehicles that do not give the lessee the right of purchase or immediate right of possession upon performance of the conditions stated in the agreement, will be titled in the name of the lessor. If the lessor has given a security interest in the vehicle to a lender, the lender will be recorded as first lienholder. This type lease will be referred to as a Net Lease.
35 Miss. Code. R. 7-06-02-102