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What is a closing protection letter?

What is a closing protection letter?

by irina | Sep 7, 2022 | Settlement Services, Title & Escrow, Title Insurance

A Closing Protection Letter (CPL) is a contract between a lender and a title insurance underwriter in which the underwriter assumes liability for actual losses caused by a closing agent’s act of fraud, negligence, or incompetence. When Did Closing Protection Letters...

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