Closing Protection Letters in Indiana

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

The issuance of Closing Protections Letters is permitted under 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 WFG Bulletin IN 2013-02

Forms

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

Rates

State Mandated Rates

• Buyer: N/A
• Seller: N/A
• Lender: N/A
• Borrower: N/A

WFG Rates

• Buyer: $25.00
• Seller: $25.00
• Lender: $25.00
• Borrower: $25.00

Remittances

• 100% of any CPL charge must be remitted to the Underwriter.

Notes

• Notes:
• Rate Checked: 01-23-2018
• By: Debbie Thoms
• Manual Date:

Cross-References

• Indiana
• Closing Protection Letters