Closing Protection Letters in North Carolina

Forms

CPL Form

• Latest CPL Form Filing Date: 01-00-1900
• Filing Requirements:
• Current From: 3171637
• ALTA Version:

Dual Agent CPLs

In NC, the answer is not black and white. The closing attorney should be on the CPL but an agent can also be on it if they are doing the disbursement for the closing attorney.

Rates

State Mandated Rates

• Buyer:
• Seller:
• Lender:
• Borrower:

WFG Rates

• Buyer: See Notes
• Seller: See Notes
• Lender: See Notes
• Borrower: See Notes

• Up to $100,000 - $0.62 per $1,000
• $100,001 - $500,000 - add $0.12 per $1,000
• $500,001 and above - no additional charge

Remittances

In North Carolina, the CPL (Insured Closing Services) is collected in combination with the main premium. § 58-26-1(d). It should be remitted in accordance with the premium split between the agent and underwriter.

Notes

• Notes: Up to $100k - $.62/$1k $100k to $500K Add $.12/$1K Over 500K - No Add't'l chg
• Rate Checked: 03-06-2019
• By: David Jenkins
• Manual Date: 10-1-2018

Up to $100,000 $0.62 $100,001 - $500,000, add $0.12 $500,001 and above, add $0.00

Cross-References

• North Carolina
• Closing Protection Letters