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United States · Law · S

S. 318 (105th)

Homeowners Protection Act of 1998

enactedUnited States· United States Congress· EN

Introduced

12 February 1997

Last action

Status

Became Public Law No: 105-216.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Homeowners Protection Act of 1997 - Amends the Truth in Lending Act to set forth a residential mortgage insurance ratio standard under which a consumer may elect not to carry private mortgage insurance. Mandates that a creditor provide free, specified written disclosures about insurance cancellation procedures for the subject property if a consumer is required to obtain private mortgage insurance as a condition for entering into a residential mortgage transaction.

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Documents

18 official files

Enrolled Bill (text)

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