Annual PMI Notice

Answered by:

Question:

Does the annual PMI Notice need to be mailed or provided by January 31st each year?

Answer:

The Homeowner's Protection Act of 1998 (Public Law 105-216) only requires an annual notice. It does not dictate a specific date for the mailing of the notice. Generally, banks provide the notice with the annual escrow analysis.

First published on BankersOnline.com 4/09/07