Alanfields: Created page with "We are periodically asked to issue a Closing Protection Letter for agents who are handling an escrow for property in a state for which they do not have a title producer licens..."

2022-03-10T15:18:04Z

Created page with "We are periodically asked to issue a Closing Protection Letter for agents who are handling an escrow for property in a state for which they do not have a title producer licens..."

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We are periodically asked to issue a Closing Protection Letter for agents who are handling an escrow for property in a state for which they do not have a title producer license. The laws on whether an out of state escrow agent may handle a transaction simply involving property in another state is often less than clear.

WFG's policy is that upon request we will issue a CPL naming both an out-of-state WFG agent (handling the escrow functions) and an in-state WFG agent handling the title policy and related aspects of the transaction.

The attached table reflects our internal research on whether an out-of-state agent is prohibited from handling escrow functions for land in a given state.

[https://uww.wfgnationaltitle.com/images/7/7a/50_State_Dual_CPL_Standards_Working.xlsx Table for Dual CPLs]

Dual CPLs - Revision history

Alanfields: Created page with "We are periodically asked to issue a Closing Protection Letter for agents who are handling an escrow for property in a state for which they do not have a title producer licens..."