### Question
What is the definition of lender paid mortgage insurance?


### Answer
The definition of **lender paid mortgage insurance** is as follows in *12 U.S.C. § 4905*:

> private mortgage insurance that is required in connection with a residential mortgage transaction, payments for which are made by a person other than the borrower

#### Citation:
  - *12 U.S.C. § 4905*
  - Heading: **CHAPTER 49-HOMEOWNERS PROTECTION**

