12 U.S.C. §4904 — Notification upon cancellation or termination
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.
Verbatim regulatory text
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 general Not 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 .
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) Timing Notice 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—
12 U.S.C. §4904(i)
(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. ( Pub. L. 105–216, § 5 , July 29, 1998 , 112 Stat. 903 .) [1] See References in Text note below.
Operationalizing 12 U.S.C. §4904 — Notification upon cancellation or termination
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
Source of record: https://claudeforcompliance.com/regs/hpa-12usc-4904/
· register hpa-12usc-4904 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.