### Question
How does HOMEOWNERS PROTECTION define borrower paid mortgage insurance?


### Answer
Under *12 U.S.C. § 4905*, **borrower paid mortgage insurance** is defined as:

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

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

