Homeowners Protection Act definition

Homeowners Protection Act means the Homeowners Protection Act of 1998 (HPA), 12 U.S.C. Sec. 4901 et seq.
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Examples of Homeowners Protection Act in a sentence

  • QUALIFIED MORTGAGE INSURANCE.—The term ‘qualified mortgage insurance’ means— ‘‘(i) mortgage insurance provided by the Veterans Administration, the Federal Housing Administration, or the Rural Housing Administration, and ‘‘(ii) private mortgage insurance (as defined by sec- tion 2 of the Homeowners Protection Act of 1998 (12 U.S.C. 4901), as in effect on the date of the enactment of this subparagraph).

  • These agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund; and (b) any of these agreements will not affect the rights Borrower has – if any – regarding the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law.

  • Private Mortgage Insurance for Single Family loans is subject to the Homeowners Protection Act of 1998.

  • The borrower has a good payment history for the 24 months immediately preceding the date of the borrower’s request as defined by the Homeowners Protection Act of 1998.Provided, PMI shall be automatically cancelled for those loans that closed prior to July 29, 1999 upon the following conditions:(1) The loan has amortized for a period of fifteen (15) years since closing; and(2) The borrower is current on the loan.

  • Notwithstanding the above, private mortgage insurance for those loans (including loans on 2-4 family homes) that close on or after July 29, 1999 shall be subject to cancellation or termination pursuant to the provisions of the Federal Homeowners Protection Act of 1998.

  • In addition, the Consultant shall submit all AIMSUN simulation electronic files on a compact disc (“CD”).

  • The Seller must warrant that the mortgagor has been given all disclosures required by law, including, but not limited to, the Homeowners Protection Act of 1998 (HPA), relating to the terms on which mortgagor-paid PMI may be canceled.

  • This exclusion thereby reduces the applicability of the Homeowners Protection Act, which relates to the regulation of private mortgage insurance, to Fannie and Freddie.

  • Cancellation of Private Mortgage Insurance (PMI)Minnesota Housing and its servicers must comply with all requirements of the federal Homeowners Protection Act of 1998.

  • He has sued Seterus for violation of the Homeowners Protection Act (HPA or the Act), 12U.S.C. §§ 4902-4904 (count one of the complaint), breach of contract (count two), and violation of the Illinois Consumer Fraud and Deceptive Business Practices Act (ICFA), 815 ILCS 505 (count three).

Related to Homeowners Protection Act

  • Data Protection Laws means EU Data Protection Laws and, to the extent applicable, the data protection or privacy laws of any other country;

  • Consumer Protection Act means the Consumer Protection Act, No 68 of 2008;

  • Data Protection Law means the applicable legislation protecting the fundamental rights and freedoms of persons and their right to privacy with regard to the processing of Personal Data under the Agreement (and includes, as far as it concerns the relationship between the parties regarding the processing of Personal Data by SAP on behalf of Customer, the GDPR as a minimum standard, irrespective of whether the Personal Data is subject to GDPR or not).

  • EU Data Protection Law means (i) prior to 25 May 2018, Directive 95/46/EC of the European Parliament and of the Council on the protection of individuals with regard to the processing of Personal Data and on the free movement of such data ("Directive") and on and after 25 May 2018, Regulation 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of Personal Data and on the free movement of such data (General Data Protection Regulation) ("GDPR"); and (ii) Directive 2002/58/EC concerning the processing of Personal Data and the protection of privacy in the electronic communications sector and applicable national implementations of it (as may be amended, superseded or replaced).

  • Occupational Safety and Health Law means any Legal Requirement designed to provide safe and healthful working conditions and to reduce occupational safety and health hazards, including the Occupational Safety and Health Act, and any program, whether governmental or private (such as those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.

  • Applicable Data Protection Law means all data privacy or data protection laws or regulations globally that apply to the Processing of Personal Information under this Data Processing Agreement, which may include Applicable European Data Protection Law.