Federal · Title 12 — Banks and Banking
12 U.S.C. § 4910: Construction
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Nothing in this chapter shall be construed to impose any requirement for private mortgage insurance in connection with a residential mortgage transaction. 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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