Rescission relief

National mi has got you covered

RESCISSION RELIEF OPTION
NATIONAL MI RESCISSION RELIEF TERMS*
SAFEGUARD® PLUS
UPON INDEPENDENT VALIDATION
SAFEGUARD®
12 MONTHS
STANDARD
36 MONTHS
Delegated Origination package and closing docs Rescission relief provided upon successful independent validation (Now SafeGuard Plus) Without origination or closing documents Relief after 36 timely payments
Non- Delegated Available upon request Closing Doc Exception Rescission relief provided after 12 months payments by borrower Without closing documents Relief after 36 timely payments
RESCISSION RELIEF OPTION
Delegated
SAFEGUARD PLUS®
UPON INDEPENDENT VALIDATION
Origination package and closing docs Rescission relief provided upon successful independent validation
SAFEGUARD®
12 months
(Now SafeGuard Plus)
STANDARD
36 MONTHS
Without origination or closing documents Relief after 36 timely payments
RESCISSION RELIEF OPTION
Non-Delegated
SAFEGUARD PLUS®
UPON INDEPENDENT VALIDATION
Available upon request
SAFEGUARD®
12 months
Closing Doc Exception Rescission relief provided after 12 months payments by borrower
STANDARD
36 MONTHS
Without closing documents Relief after 36 timely payments

*Refer to the new Rescission Relief Guide for details (effective for all MI application received on or after March 1, 2020). National MI’s rescission relief is subject to the 2020 Master Policy terms and conditions.

Rescission Relief Guide Archive