12 U.S.C. § 4910 : US Code - Section 4910: Construction

Search 12 U.S.C. § 4910 : US Code - Section 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.