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12 U.S.C. § 4910 — Construction

submitted 28 years ago by Pub. L. 105-216 to r/title-12-BANKS-AND-BANKING · 84 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) PMI not required

Nothing in this chapter shall be construed to impose any requirement for private mortgage insurance in connection with a residential mortgage transaction.

(b) No preclusion of cancellation or termination agreements

Nothing in this chapter shall be construed to preclude cancellation or termination, by agreement between a mortgagor and the holder of the mortgage, of a requirement for private mortgage insurance in connection with a residential mortgage transaction before the cancellation or termination date established by this chapter for the mortgage.

Source credit: (Pub. L. 105–216, § 11, July 29, 1998, 112 Stat. 908.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-216 · 112 Stat. 908

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-216 on 1998-07-29.

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