The supervisor compares the file facts with Homeowners Protection Act PMI during a new-hire scenario. Which conclusion is accurate?
Correct Answer
B) Cancel PMI at 80 percent if request conditions are met
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Cancel PMI at 80 percent if request conditions are met".
Why This Is the Correct Answer
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Cancel PMI at 80 percent if request conditions are met".
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