### Question
How does the law define mortgage insurance?


### Answer
Under *12 U.S.C. § 4901*, **mortgage insurance** is defined as:

> insurance, including any mortgage guaranty insurance, against the nonpayment of, or default on, an individual mortgage or loan involved in a residential mortgage transaction

#### Citation:
  - *12 U.S.C. § 4901*
  - Heading: **CHAPTER 49-HOMEOWNERS PROTECTION**

