Closing Protection Letters in New Hampshire

Forms

CPL Form

• Latest CPL Form Filing Date: 01-00-1900
• Filing Requirements: not regulated – form or rate
• Current From: 3172900
• ALTA Version: 2015

Rates

State Mandated Rates

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

WFG Rates

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

Notes

• Notes:
• Rate Checked: "ALTA says: 13. Insured Closing Letters There is no statutory requirement mandating the issuance of insured closing letters. Nonetheless, insured closing letters, referred to in New Hampshire as “closing protection letters,” are industry standard. According to an Insurance Department Bulletin, issued on July 7, 1997, title insurance companies may not use closing protection letters to indemnify lenders or other parties for losses that are unrelated to liens, encumbrances upon, defects in, or the marketability of the title to real property. By issuing a closing protection letter that indemnifies a lender for losses that are unrelated to title, a title insurer would be violating Section 416-A:18 of title 37, which prohibits a title insurance company from engaging in the business of guaranteeing the payment of principal or interest of bonds or other obligations or the transaction of underwriting any other kind of insurance. "
• By:
• Manual Date:

Cross-References

• New Hampshire
• Closing Protection Letters