Finance
In South Dakota, a homeowner with at least 20% equity who refinances to remove PMI should first request:
AA new appraisal and a written request to cancel PMI from their lender✓ Correct
BA SDREC PMI waiver certificate
CA county assessor's certificate of value
DA title insurance policy update
Explanation
When a borrower reaches 20% equity (through paydown or appreciation), they can request PMI cancellation by providing a new appraisal demonstrating current value and submitting a written cancellation request to the lender.
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