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2012 U.S. Code
Title 12 - Banks and Banking
Chapter 49 - HOMEOWNERS PROTECTION (§§ 4901 - 4910)
Section 4910 - Construction

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Metadata
Publication TitleUnited States Code, 2012 Edition, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 49 - HOMEOWNERS PROTECTION
Sec. 4910 - Construction
Containssection 4910
Date2012
Laws in Effect as of DateJanuary 15, 2013
Positive LawNo
Dispositionstandard
Source CreditPub. L. 105-216, §11, July 29, 1998, 112 Stat. 908.
Statutes at Large Reference112 Stat. 908
Public Law ReferencePublic Law 105-216

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HOMEOWNERS PROTECTION - 12 U.S.C. § 4910 (2012)
§4910. Construction (a) 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.

(b) 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.

(Pub. L. 105–216, §11, July 29, 1998, 112 Stat. 908.)

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