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Exam term

PMI cancellation

The borrower's written request to the servicer, once the balance reaches eighty percent of original property value, with a good payment history, current payments and any required evidence of no value decline and no subordinate lien.

Lessons that use this term

  • Conventional loans and private mortgage insurance Florida
  • Truth in Lending and private mortgage insurance New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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