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2022 U.S. Code
Title 12 - Banks and Banking
Chapter 49 - Homeowners Protection
Sec. 4910 - Construction
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| 12 U.S.C. § 4910 (2022) |
| §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 agreementsNothing 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. |
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(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. |
| United States Code, 2018 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 49 - HOMEOWNERS PROTECTION Sec. 4910 - Construction |
| section 4910 |
| 2022 |
| January 5, 2023 |
| No |
| standard |
| 112 Stat. 908 |
| Public Law 105-216 |
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