CANCELLATION RIGHTS AFTER CANCELLATION DATE.

SEC. 404. CANCELLATION RIGHTS AFTER CANCELLATION DATE. Section 3 of the Homeowners Protection Act of 1998 (12 U.S.C. 4902) is amended— (1) in subsection (a)— (A) in the matter preceding paragraph (1), by inserting after “cancellation date” the following: “or any later date that the mortgagor fulfills all of the requirements under paragraphs (1) through (4)”; (B) in paragraph (2), by striking “and” at the end; (C) by redesignating paragraph (3) as paragraph (4); and (D) by inserting after paragraph (2) the following new paragraph: “(3) is current on the payments required by the terms of the residential mortgage transaction; and”; and (2) in subsection (e)(1)(B) (as so redesignated by the preceding provisions of this title), by striking “subsection (a)(3)” and inserting “subsection (a)(4)”.