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Homeowners Protection Act of 1998 - PMI Act

Course Description

This course explains when the right to cancel PMI is permitted, the exceptions, disclosures, and notice requirement for borrower rights to cancel and terminate PMI, the basic disclosure requirements for lender-paid mortgage insurance, and the liability to borrowers if PMI is not canceled in accordance with the law.
30 Minutes
Series: Lending Compliance for Banks, Lending Compliance for Credit Unions
Roles: Commercial, Compliance - Internal Audit, Mortgage Professionals, Operations & IT, Retail
Course Format: Online Self-Paced
Package: Breakthrough, Expansion

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