ALTA Protection Closing Letters

$149.00

SKU: 410357

Description

Understand the benefits of a Closing Protection Letter and when it can be issued.
Closing Protection Letters are paramount to lenders, as they provide indemnity in the case of an agents fraud or dishonesty or that agents failure to abide by closing instructions. With the pervasiveness of fraud and uptick in phishing scams, these contracts prove even more vital the insurer can verify the authenticity of the transaction. This course will help you to understand the importance of CPLs and their basic contours. The presenters focus on requirements and exclusions, along with submitting useful tools for attorneys and real estate professionals in furtherance of understanding the illustrated core concepts.

Date: 2023-02-24 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

Closing Protection Letter
• Purpose
• Indemnity Contract
• Contrast With Title Policy

Requirements
• Fraud/Dishonesty
• Failure to Comply With Closing Instructions

Exclusions

Attorney Considerations
• Handling the Transaction
• Approved Attorney Status

Litigation
• Case Law
• Hypotheticals

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Harper J. Dimmerman, Esq.-Harper J. Dimmerman, PC, Ian Gallo – The Town Law LLC