Closing Protection Letters in Indiana - Revision history

Davidjenkins: /* Overview */

2018-07-21T15:43:24Z

‎Overview

2018-07-21T15:42:40Z

‎Sources

2018-07-21T15:42:03Z

‎State Mandated Rates

2018-07-21T15:40:25Z

‎Compliance

2018-07-21T15:38:31Z

‎State Mandated Rates

2018-07-21T15:37:57Z

‎Disclosure Form

2018-07-21T15:37:37Z

‎Compliance

2018-07-21T15:36:16Z

‎Overview

2018-07-21T15:35:25Z

‎Cross-References

2018-07-21T15:35:18Z

‎Rates

@@ Line 1: / Line 1: @@
 ==Overview==
-Closing Protections Letters ("CPLs") are authorized to be issued in Indiana. For insured residential real estate transactions, the must issued to any borrowers, buyers, lenders, and/or sellers in a given transaction.  The filed rate for WFG is $25 per letter, not per transaction.
+Closing Protections Letters ("CPLs") are authorized to be issued in Indiana. For insured residential real estate transactions, CPLs must issued to any borrowers, buyers, lenders, and/or sellers in a given transaction.  The filed rate for WFG is $25 per letter, not per transaction.
 ==Sources==

@@ Line 5: / Line 5: @@
 The issuance of Closing Protections Letters is permitted under [https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-7-3-22.html Section 27-7-3-22] of the Indiana Code. This code section also defines the content, uses, and minimum fees for a CPL in Indiana.
-* See also [http://wfgunderwriting.com/download/indiana/bulletins/WFGNTIC%20IN%20UW%20Bulltin%20IN2013-02%20Indiana%20CPL%20Rate-%20Rates%20Form%20Filings%20Effective%20July%201,%202013.pdf WFG Bulletin IN 2013-02]
+* See also [http://wfgunderwriting.com/download/indiana/bulletins/WFGNTIC%20IN%20UW%20Bulltin%20IN2013-02%20Indiana%20CPL%20Rate-%20Rates%20Form%20Filings%20Effective%20July%201,%202013.pdf WFG Underwriting Bulletin IN 2013-02]
 ==Compliance==

@@ Line 29: / Line 29: @@
 ===State Mandated Rates===
-The state does not mandate any rates.  The rate used must be filed by the Underwriter.
+The state does not mandate any rates.  The rate used must be filed and approved by the Commissioner of Insurance. [https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-7-3-22.html]
 ===WFG Rates===

@@ Line 8: / Line 8: @@
 ==Compliance==
-CPLs are required to be issued in any residential real estate transaction for which a title insurance policy is being issued.  A CPL must be issued to each party in the transaction including buyers, sellers, borrowers, and lenders.
+CPLs are '''required''' to be issued in any '''residential real estate transaction''' for which a title insurance policy is being issued.  A CPL must be issued to each party in the transaction including buyers, sellers, borrowers, and lenders.
 ===Disclosures===

@@ Line 29: / Line 29: @@
 ===State Mandated Rates===
-* Buyer: N/A
+The state does not mandate any rates.  The rate used must be filed by the Underwriter.
-* Seller: N/A
+* Buyer: N/A.
-* Lender: N/A
+* Seller: N/A.
-* Borrower: N/A
+* Lender: N/A.
 ===WFG Rates===

@@ Line 46: / Line 46: @@
 * Manual Date:
-===Cross-References===
+==Cross-References==
 * [[Indiana]]
 * [[Closing Protection Letters]]

@@ Line 31: / Line 31: @@
 * Borrower: N/A
-====WFG Rates====
+===WFG Rates===
 * Buyer: $25.00
 * Seller: $25.00
@@ Line 37: / Line 37: @@
 * Borrower: $25.00
-=== Remittances===
+== Remittances==
 * 100% of any CPL charge must be remitted to the Underwriter.
-===Notes===
+==Notes==
 * Notes:
 * Rate Checked: 01-23-2018