§ 4904. Notification upon cancellation or termination

• (a) 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.
• (b)
  • (1) 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) 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—
      • (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 1 See References in Text note below. 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.