A renewal specialist is training staff on Homeowners Protection Act PMI rules using an annual compliance meeting. Which statement is accurate?
Correct Answer
B) Automatically terminate PMI at 78 percent if current
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Automatically terminate PMI at 78 percent if current".
Why This Is the Correct Answer
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Automatically terminate PMI at 78 percent if current".
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