In all cases, no suit or action shall hereafter be commenced or brought upon any installment note, or series of notes of three or more, whether due or not, where said note or notes are secured by mortgage, deed of trust, or otherwise, upon any property, real or personal, unless the same is commenced or brought within one year from the date of the foreclosure or sale of the property pledged as security for said note or notes.
Miss. Code Ann. § 15-1-23
Limitations applicable to suits or actions on installment notes following foreclosure or sale of property pledged as security therefor
Applied in 8 court decisions — leading case United States v. McReynolds (1986)
Most recently applied in Volvo Fin. Servs., of VFS United States, L. L.C. v. Williamson (December 2018)
Codes, 1942, § 720; Laws, 1934, ch. 251.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.