Difference between revisions of "Closing Protection Letters in North Carolina"
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====Dual Agent CPLs==== | ====Dual Agent CPLs==== | ||
| + | In NC, the answer is not black and white. The closing attorney should be on the CPL but an agent can also be on it if they are doing the disbursement for the closing attorney. | ||
===Rates=== | ===Rates=== | ||
Revision as of 18:01, 12 September 2019
Contents
Overview
Sources
Compliance
Disclosures
Forms
Disclosure Form
CPL Form
- Latest CPL Form Filing Date: 01-00-1900
- Filing Requirements:
- Current From: 3171637
- ALTA Version:
Dual Agent CPLs
In NC, the answer is not black and white. The closing attorney should be on the CPL but an agent can also be on it if they are doing the disbursement for the closing attorney.
Rates
State Mandated Rates
- Buyer:
- Seller:
- Lender:
- Borrower:
WFG Rates
- Buyer: See Notes
- Seller: See Notes
- Lender: See Notes
- Borrower: See Notes
- Up to $100,000 - $0.62 per $1,000
- $100,001 - $500,000 - add $0.12 per $1,000
- $500,001 and above - no additional charge
Remittances
Notes
- Notes: Up to $100k - $.62/$1k $100k to $500K Add $.12/$1K Over 500K - No Add't'l chg
- Rate Checked: 03-06-2019
- By: David Jenkins
- Manual Date: 10-1-2018
Up to $100,000 $0.62
$100,001 - $500,000, add $0.12
$500,001 and above, add $0.00
