Homeowners Protection Act (HPA)

This title is one of the many courses available in the AllRegs Education Package subscription program!

The Homeowners Protection Act (HPA) became effective in 1999 to address the difficulty in cancellation of primary mortgage insurance (PMI) experienced by homeowners. The act not only provides provisions for the cancellation of PMI, but it also establishes disclosure and notification requirements. AllRegs Academy’s Homeowners Protection Act (HPA) self-study online course is designed to provide clarity on the Act by examining the requirements that it places on lenders and servicers of mortgage loans.

The course will distinguish between the requirements for conforming and non-conforming mortgages, high risk and non-high risk mortgages and adjustable rate and fixed rate mortgages regarding PMI cancellation options and PMI disclosure requirements. Upon completion of this course, students will better recognize the requirements of the lender and servicer regarding PMI disclosure and cancellation.

What will I learn?

Upon completion of the course, students will be able to:

  • List options for removing borrower-paid PMI
  • Distinguish between Fannie Mae/Freddie Mac high risk loans and lender-defined high risk loans
  • Identify differences in disclosures for an adjustable rate mortgage and a fixed rate mortgage
  • Identify the timeframes for the required disclosures
  • Recognize disclosure requirements for lender-paid PMI
  • Outline CFPB Examination Considerations relating to HPA

Course Length

30 minutes (approximate)

How it works

Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.

The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.

Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.

*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.

For more information or to register by phone, call your Regional Account Executive

at (800) 848-4904 or email

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