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A02801 Summary:

BILL NO    A02801 

SAME AS    No same as 

SPONSOR    Wright

COSPNSR    

MLTSPNSR   

Add S6-n, Bank L

Requires mortgagee banks to provide written notice to mortgagor when such
mortgagor is no longer required to maintain personal mortgage insurance
coverage; provides such notice shall be delivered to the mortgagor within
thirty days of the date upon which the mortgagor shall have acquired sufficient
equity in real property subject to the mortgage so as to eliminate the
necessity for personal mortgage insurance.