2017 US Code
Title 12 - Banks and Banking
Chapter 49 - Homeowners Protection
Sec. 4910 - Construction

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Citation 12 U.S.C. § 4910 (2017)
Section Name §4910. Construction
Section Text (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.

Source Credit

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

Editorial Notes 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.

Publication Title United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 12 - BANKS AND BANKING
CHAPTER 49 - HOMEOWNERS PROTECTION
Sec. 4910 - Construction
Contains section 4910
Date 2017
Laws In Effect As Of Date January 12, 2018
Positive Law No
Disposition standard
Statutes at Large References 112 Stat. 908
Public Law References Public Law 105-216
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