12 U.S.C. §4904 — Notification upon cancellation or termination

hpa-12usc-4904

HPA post-termination notification section. 30-day servicer duty to notify the mortgagor that PMI has ended and no further payments are due; parallel 30-day grounds-notice (with any appraisal results) when a §4902(a) or (b) cancellation/ termination is denied.

This register: .xlsx .csv

Verbatim regulatory text (3)

Verbatim provisions from 12 U.S.C. §4904 — Notification upon cancellation or termination — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

12 U.S.C. §4904(a)

(a) In generalNot later than 30 days after the date of cancellation or termination of a private mortgage insurance requirement in accordance with this chapter, the servicer shall notify the mortgagor in writing— (1) that the private mortgage insurance has terminated and that the mortgagor no longer has private mortgage insurance; and (2) that no further premiums, payments, or other fees shall be due or payable by the mortgagor in connection with the private mortgage insurance.

Source: 12 U.S.C. §4904(a) · source URL · snapshot 075615c59991117f

12 U.S.C. §4904(b)

(b) Notice of grounds (1) In general If a servicer determines that a mortgage did not meet the requirements for termination or cancellation of private mortgage insurance under subsection (a) or (b) of section 4902 of this title, the servicer shall provide written notice to the mortgagor of the grounds relied on to make the determination (including the results of any appraisal used to make the determination). (2) TimingNotice required by paragraph (1) shall be provided— (A) with respect to cancellation of private mortgage insurance under section 4902(a) of this title, not later than 30 days after the later of— (i) the date on which a request is received under section 4902(a)(1) of this title; or (ii) the date on which the mortgagor satisfies any evidence and certification requirements under section 4902(a)(3) [1] of this title; and (B) with respect to termination of private mortgage insurance under section 4902(b) of this title, not later than 30 days after the scheduled termination date.

Source: 12 U.S.C. §4904(b) · source URL · snapshot 075615c59991117f

12 U.S.C. §4904 note — source credit and editorial notes (not statute text)

( Pub. L. 105–216, § 5 , July 29, 1998 , 112 Stat. 903 .) [1] See References in Text note below.

Source: 12 U.S.C. §4904 note — source credit and editorial notes (not statute text) · source URL · snapshot 629322f85240177d

Get this regulation in your AI window

Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.

Open in Claude Open in ChatGPT

Open in Claude shows the one-time setup: paste one address, no account with us. Open in ChatGPT asks ChatGPT about this page, with no setup. Either way it’s free.

Get notified if this rule changes

One email when 12 U.S.C. §4904 — Notification upon cancellation or termination changes: what changed, the new verbatim text, and the effective date. Nothing else.

Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.

Source of record: https://claudeforcompliance.com/regs/hpa-12usc-4904/ · register hpa-12usc-4904 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.