Escrow & Title
The ALTA (American Land Title Association) closing protection letter in Louisiana protects:
AOnly the seller against defects in the title
BThe lender and buyer against fraud or errors by the closing agent✓ Correct
CThe real estate agents against commission disputes
DThe property against natural disasters
Explanation
An ALTA closing protection letter (CPL) is issued by the title insurer and protects the lender (and often the buyer) against fraud or dishonesty by the closing agent (notary/attorney) in handling closing funds.
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