Closing Protection Letters

From WFG Wiki

WFG does not issue CPLs to lenders or any other party for the acts of a non-agent with two exceptions:

  1. Illinois - There is a quasi-insurance type escrow company called an “independent escrowee”. Under the statute, the IE has to meet the same financial requirements as a title insurance underwriter ($1,000,000 in liquid assets/reserves) and they are not required to issue CPLs like an underwriter does for their agents. There’s only 1 IE in Illinois and it’s owned by a WFG agent. WFG issues CPLs for the IE pursuant to a vendor’s services agreement that allows WFG to audit the IE’s accounts, etc.
  2. Approved Attorneys in states where that’s custom/practice pursuant to a vendor’s services agreement.


WFG could arguably issue a CPL pursuant to a vendor’s services agreement, but there’s not a lot of upside for WFG to do so.

In addition to the above, there may be regulatory issues in some states that would prevent WFG from issuing a CPL on behalf of a non-agent.

Alabama Illinois Montana Rhode Island
Alaska Indiana Nebraska South Carolina
Arizona Iowa Nevada South Dakota
Arkansas Kansas New Hampshire Tennessee
California Kentucky New Jersey Texas
Colorado Louisiana New Mexico Utah
Connecticut Maine New York Vermont
Delaware Maryland North Carolina Virginia
District of Columbia Massachusetts North Dakota Washington
Florida Michigan Ohio West Virginia
Georgia Minnesota Oklahoma Wisconsin
Hawaii Mississippi Oregon Wyoming
Idaho Missouri Pennsylvania US Territories