Difference between revisions of "Closing Protection Letters in Indiana"
From WFG Wiki
Davidjenkins (talk | contribs) (→Sources) |
Davidjenkins (talk | contribs) (→Overview) |
||
| Line 1: | Line 1: | ||
===Overview=== | ===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 charge is $25 per letter, not per transaction. | ||
===Sources=== | ===Sources=== | ||
Revision as of 07:31, 21 July 2018
Contents
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 charge is $25 per letter, not per transaction.
Sources
- IC Section 27-7-3-22
- Sec. 15.5(a) and Sec. 15.5(b).
- WFG Bulletin IN 2013-02
Compliance
Disclosures
Forms
Disclosure Form
CPL Form
- Latest CPL Form Filing Date: 01-23-2018
- Filing Requirements: Filing Required after adoption of Rating Bureau
- Current From: 3173600
- ALTA Version: 2015
Dual Agent CPLs
Rates
State Mandated Rates
- Buyer:
- Seller:
- Lender:
- Borrower:
WFG Rates
- Buyer: $25.00
- Seller: $25.00
- Lender: $25.00
- Borrower: $25.00
Remittances
Notes
- Notes:
- Rate Checked: 01-23-2018
- By: Debbie Thoms
- Manual Date:
