Not later than 30 days after the date of cancellation or termination of a private mortgage insurance requirement in accordance with this chapter, 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) ofsection
4902 of this title, 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).
Notice required by paragraph (1) shall be provided—
(A)with respect to cancellation of private mortgage insurance under section
4902(a) of this title, not later than 30 days after the later of—
(i)the date on which a request is received under section
4902(a)(1) of this title; or
(ii)the date on which the mortgagor satisfies any evidence and certification requirements under section
4902(a)(3) of this title; and
(B)with respect to termination of private mortgage insurance under section
4902(b) of this title, not later than 30 days after the scheduled termination date.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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