Private Mortgage Insurance Consumer Protection Act - Amends the Truth in Lending Act to prescribe guidelines under which a creditor must notify a consumer in writing of any cancellation rights with respect to private mortgage insurance if the consumer was required to obtain such insurance as a condition for entering into a residential mortgage transaction.
Prohibits the imposition of any fee or cost to the consumer for such notification.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Sponsor introductory remarks on measure. (CR H5983)
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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