Homeowners Protection Act of 1998

Homeowners Protection Act of 1998,

Definition of Homeowners Protection Act of 1998:

  1. Private mortgage insurance (PMI) was introduced to protect homeowners from disgusting practices. The law was necessary because some employers paid the PMI long after the protection was implemented. According to the HOPA, lenders and insurers will have to disclose all their rights (especially the cancellation policy) to the borrowers in connection with personal mortgage insurance. Hopa can also be called PMI repeal law.

Meaning of Homeowners Protection Act of 1998 & Homeowners Protection Act of 1998 Definition