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closing protection letter |
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closing protection letter Additional title insurance coverage insuring the lender against losses caused by errors or infidelity of the closing attorney or the closing agents in the handling of the transaction. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| To address these kinds of scenarios, many lenders have begun to demand that title insurers supplement their title insurance policies with a closing protection letter ("CPL"). In these January recoveries, for example," said Thomas, "one case was against a broker based on strong language in the broker agreement, another against a title company through the closing protection letter, and another against an |
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