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THE HOMEOWNERS PROTECTION ACT OF 1998 Yes, you can cancel your private mortgage insurance. On July 29, 1998, President Clinton signed into law a bill, The Homeowners Protection Act of 1998, that will

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What is homeowners protection act of?

Homeowners Protection Act of is a federal law designed to protect homeowners by imposing certain requirements on lenders when a borrower has private mortgage insurance (PMI) on a residential mortgage.

Who is required to file homeowners protection act of?

Lenders and mortgage servicers are required to comply with the provisions of the Homeowners Protection Act of.

How to fill out homeowners protection act of?

To fill out the Homeowners Protection Act of, lenders and mortgage servicers must provide certain disclosures to borrowers and adhere to specific guidelines regarding the cancellation and termination of private mortgage insurance.

What is the purpose of homeowners protection act of?

The purpose of the Homeowners Protection Act of is to ensure that homeowners are not required to pay for private mortgage insurance longer than necessary.

What information must be reported on homeowners protection act of?

The Homeowners Protection Act of requires lenders to disclose certain information to borrowers, such as the date on which the PMI can be canceled and the borrower's rights regarding PMI.

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