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Homeowners Protection Act course (online)

Homeowners Protection Act course (online)

  • Unlimited Downloads
Product Code:
C104B
This is an online course available through CUNA Professional Development Online (CPD Online).

  • $70.00
    Non Member Price
  • $35.00
    CUNA Member Price
 
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This is an online course available through CUNA Professional Development Online (CPD Online).The Homeowner's Protection Act (HPA) was enacted to permit homeowners to cancel private mortgage insurance (PMI) at specified times. HPA does not mandate that lenders require PMI; rather it requires lenders to cancel PMI at a predetermined time. This course provides an overview of the background and purpose, termination of private mortgage insurance, disclosure requirements and HPA liabilities and enforcement. Topics include:

  • When a member is permitted to cancel PMI coverage
  • When a lender is required to cancel PMI coverage
  • The credit union's responsibilities

Last updated: April 2014

An optional online exam is available for this course through CUNA Professional Development Online (CPD Online). Additional exams can be purchased for $15.50 each.

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Have a question? Email or call 800-356-8010 ext. 3.