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 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).
12 U.S. Code § 4904 - Notification upon cancellation or termination
(a) In generalNot 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—
(b) Notice of grounds
(1) In general
(2) TimingNotice 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—
the date on which a request is received under section 4902(a)(1) of this title; or
 See References in Text note below.
References in Text
Statutory Notes and Related Subsidiaries
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