This bill amends the National Housing Act to significantly alter the collection of annual mortgage insurance premiums. Its primary goal is to prevent the Secretary of Housing and Urban Development from collecting these premiums once a mortgage's remaining insured principal balance reaches 78 percent or less of the lower of the original sales price or appraised value. This change aims to provide financial relief to homeowners as they build equity in their homes. An important exception allows for the resumption of premium collection if the Mutual Mortgage Insurance Fund's capital ratio falls below 2 percent, though this would not affect mortgages where collection had already ceased. The bill mandates that the Secretary issue rules within 180 days of enactment to implement this change, including a clear process for mortgagors to demonstrate their eligibility for premium cessation. Furthermore, the Secretary is required to conduct extensive outreach and educational activities to inform borrowers about these new restrictions and the necessary procedures. These amendments will apply only to mortgages endorsed for insurance after the bill's enactment date.