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Code · STATUTE-COMPILATIONS · Homeowners Protection Act of 1998 · Sec. 11

Sec. 11. CONSTRUCTION

93 words·~1 min read·/statute-compilations/comps-1206/sec-11

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## SEC. 11 CONSTRUCTION **[**[12 U.S.C. 4910](/us/usc/t12/s4910)**]** ###
(a)PMI Not Required Nothing in this Act 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 Act 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 Act for the mortgage.
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Sec. 11
CONSTRUCTION
U.S.C.§ 4910
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