A closing protection letter (CPL) is a document issued by a title insurance company to a lender in a mortgage transaction. The CPL provides additional protection to the lender in case of any misconduct by the title company, such as fraud, dishonesty, or negligence in handling funds or documents.
Context: Identifying the document.
“Indemnification for funds incurred by the lender in connection to the closing of the referenced real estate transaction” or similar verbiage
Key takeaways: Important information.
Borrowers names, property address, and loan number
Date issued