closing protection letter


Also found in: Acronyms.

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.

References in periodicals archive ?
Proof of out-of-pocket Joss--if the agent fails to procure one closing protection letter (CPU is not expired form of government considered insurance (as it isn't in identification from each several states), it may be considered an borrower at the closing indemnity contract, very much limiting table.