A lender provides a borrower with an intial amortization schedule for PMI as well as the disclosure's at loan closing for a adjustable- rate mortgage. The lender MUST also provide a written notice stating the:
A. borrower's right to refuse PMI
B. Borrower's right to cancel PMI
C. Lender's right to extend the time for monthly payments for a PMI
D. Lender's right to increase the monthly payment amount for PMI
