### Question
How is the term lender paid mortgage insurance defined?


### Answer
The term **lender paid mortgage insurance** is defined in *12 U.S.C. § 4905* as the following:

> 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**

