Escrow & Title
Vermont's 'closing protection letter' from a title insurer protects:
AThe property from future physical damage
BThe buyer and lender from certain acts of fraud or negligence by the closing agent/attorney✓ Correct
CThe seller from buyer default
DThe broker from commission disputes
Explanation
A closing protection letter (CPL) is issued by the title insurer to protect the lender and sometimes the buyer from losses caused by certain acts of fraud, theft, or negligence by the closing attorney acting as the insurer's settlement agent.
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