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ALTA Protection Closing Letters

Understand the benefits of a Closing Protection Letter and when it can be issued.

Parties to real estate actions face inherent risks that their closing agent may fail to follow the parties' written instructions or commit fraud, theft, dishonesty, or misappropriation while handling the parties' funds. In certain situations, these risks can be addressed by obtaining a Closing Protection Letter. This information helps parties involved in real estate transactions and their representatives, e.g. attorneys and real estate brokers and salespeople, understand when and where Closing Protection Letters can be issued. This information also explains the benefits that are available under Closing Protection Letters and how to maximize those benefits. Failing to understand Closing Protection Letters could leave you, your business, or your client exposed to significant risks of financial harm if the closing agent defalcates. This topic would be beneficial to anyone involved in real estate transactions and will offer information that identify steps that can be taken to attempt to offset those risks.

Runtime: 65 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

How Can You Obtain a Closing Protection Letter?

  • Where Can Closing Protection Letters Be Issued?
  • When Can Closing Protection Letters Be Issued?
  • Who Can Issue Closing Protection Letters?
  • Who Can Obtain Closing Protection Letters?

How Can a Closing Protection Letter Benefit You, Your Business, or Your Clients?

  • What Are the Benefits of Having a Closing Protection Letter?
  • What Benefits Are Paid Under a Closing Protection Letter?
  • How Have Courts Interpreted Closing Protection Letters?
  • How Has the Title Industry Responded?

How Can You Maximize the Benefits of a Closing Protection Letter?

  • What Losses Are Excluded Under a Closing Protection Letter?
  • What Legal Issues Are on the Horizon?
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on December 13, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • AK CLE 1.0
     
  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • CT CLE 1.0
     
  • GA CLE 1.0
     
  • HI CLE 1.0
     
  • IL CLE 1.0
     
  • ME CLE 1.0
     
  • MO CLE 1.2
     
  • MT CLE 1.0
     
  • NJ CLE 1.2
     
  • NM CLE 1.0
     
  • NV CLE 1.0
     
  • NY CLE 1.0 including Areas of Professional Practice 1.5
     
  • UT CLE 1.0
     
  • VT CLE 1.0
     
  • WA CLE 1.0
     
  • WV MCLE 1.2
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Shawn T. Briner

Briner Law Group, LLC

  • Member and co-founder of Briner Law Group, LLC
  • Practice emphasizes real estate-related litigation in Missouri and Illinois
  • Past president of title insurance agency
  • Associate member, American Land Title Association
  • Associate member, Missouri Land Title Association
  • Member, ALTA Title Counsel Committee
  • Member, MLTA Legislative & Judicial Committee
  • J.D. and B.A. degrees, University of Missouri
  • Can be contacted at 314-478-7227 or [email protected]
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Product ID: 401210
Published 2017
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