Mississippi permissible fees

Mississippi caps direct fees (including origination, application, processing, underwriting, and other advance fees) charged by a mortgage broker or lender to a borrower at 7.95% of the original principal amount of the loan. Exceptions include fees paid to nonrelated third parties, indirect lender payments disclosed under RESPA, construction fees up to 1%, and lock-in fees. The cap applies equally to brokers and lenders; no separate distinction is made in the statute.