PUBLIC LAW 106-569—DEC. 27, 2000 114 STAT. 2957 (B) by inserting after subsection (c) the following new subsection: "(d) TREATMENT OF LOAN MODIFICATIONS. — If a mortgagor and mortgagee (or holder of the mortgage) agree to a modification of the terms or conditions of a loan pursuant to a residential mortgage transaction, the cancellation date, termination date, or final termination shall be recalculated to reflect the modified terms and conditions of such loan.". (2) CONFORMING AMENDMENTS.— Section 4(a) of the Homeowners Protection Act of 1998 (12 U.S.C. 4903(a)) is amended— (A) in paragraph (1)— (i) in the matter preceding subparagraph (A), by striking "section 3(f)(1)" and inserting "section 3(g)(l)"; (ii) in subparagraph (A)(ii)(IV), by striking "section 3(f)" and inserting "section 3(g)"; and (iii) in subparagraph (B)(iii), by striking "section 3(f)" and inserting "section 3(g)"; and (B) in paragraph (2), by striking "section 3(f)(1)" and inserting "section 3(g)(1)". SEC. 403. DELETION OF AMBIGUOUS REFERENCES TO RESIDENTIAL MORTGAGES. (a) TERMINATION OF PRIVATE MORTGAGE INSURANCE. — Section 3 of the Homeowners Protection Act of 1998 (12 U.S.C. 4902) is amended— (1) in subsection (c), by inserting "on residential mortgage transactions" after "imposed"; and (2) in subsection (g) (as so redesignated by the preceding provisions of this title)— (A) in paragraph (1), in the matter preceding subparagraph (A), by striking "mortgage or"; (B) in paragraph (2), by striking "mortgage or"; and (C) in paragraph (3), by striking "mortgage or" and inserting "residential mortgage or residential". (b) DISCLOSURE REQUIREMENTS.— Section 4 of the Homeowners Protection Act of 1998 (12 U.S.C. 4903(a)) is amended— (1) in subsection (a)— (A) in paragraph (1)— (i) by striking "mortgage or" the first place it appears; and (ii) by striking "mortgage or" the second place it appears and inserting "residential"; and (B) in paragraph (2), by striking "mortgage or" and inserting "residential"; (2) in subsection (c), by striking "paragraphs (1)(B) and (3) of subsection (a)" and inserting "subsection (a)(3)"; and (3) in subsection (d), by inserting before the period at the end the following: ", which disclosures shall relate to the mortgagor's rights under this Act". (c) DISCLOSURE REQUIREMENTS FOR LENDER-PAID MORTGAGE INSURANCE.— Section 6 of the Homeowners Protection Act of 1998 (12 U.S.C. 4905) is amended— (1) in subsection (c)— (A) in the matter preceding paragraph (1), by striking "a residential mortgage or"; and (B) in paragraph (2), by inserting "transaction" after "residential mortgage"; and
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