Sec. 5. NOTIFICATION UPON CANCELLATION OR TERMINATION
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## SEC. 5 NOTIFICATION UPON CANCELLATION OR TERMINATION **[**[12 U.S.C. 4904](/us/usc/t12/s4904)**]** ###
(a)In General Not later than 30 days after the date of cancellation or termination of a private mortgage insurance requirement in accordance with this Act, the servicer shall notify the mortgagor in writing— ####
(1)that the private mortgage insurance has terminated and that the mortgagor no longer has private mortgage insurance; and ####
(2)that no further premiums, payments, or other fees shall be due or payable by the mortgagor in connection with the private mortgage insurance. ###
(b)Notice of Grounds ####
(1)In general If a servicer determines that a mortgage did not meet the requirements for termination or cancellation of private mortgage insurance under subsection
(a)or
(b)of section 3, the servicer shall provide written notice to the mortgagor of the grounds relied on to make the determination (including the results of any appraisal used to make the determination). ####
(2)Timing Notice required by paragraph
(1)shall be provided— #####
(A)with respect to cancellation of private mortgage insurance under section 3(a), not later than 30 days after the later of— ######
(i)the date on which a request is received under section 3(a)(1); or ######
(ii)the date on which the mortgagor satisfies any evidence and certification requirements under section 3(a)(3); and #####
(B)with respect to termination of private mortgage insurance under section 3(b), not later than 30 days after the scheduled termination date.
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Sec. 5
NOTIFICATION UPON CANCELLATION OR TERMINATION
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