§4910. Construction
12 U.S.C. § 4910
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.
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.
Notes, amendments, and revision history
(Pub. L. 105–216, § 11, July 29, 1998, 112 Stat. 908.)
Statutory Notes and Related Subsidiaries
Effective Date
Section effective 1 year after July 29, 1998, see section 13 of Pub. L. 105–216, set out as a note under section 4901 of this title.