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U.S. Code as of:
01/19/04
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.
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