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) — Notify mortgagor of PMI cancellation within 30 days
(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—
12 U.S.C. §4904(b) — Notify mortgagor of grounds when cancellation/termination denied
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).
12 U.S.C. §4904(a) — Notify mortgagor of PMI cancellation within 30 days — enumerated items (chapeau recall fix)
(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 .