Escrow & Title
A Wisconsin 'insured closing letter' (also called a 'closing protection letter') from a title company protects the lender from:
ATitle defects covered under the loan policy
BFraud or negligence by the closing agent in handling loan funds and documents✓ Correct
CClaims by the buyer after closing
DProperty damage before closing
Explanation
A closing protection letter (insured closing letter) protects the lender against losses caused by fraud, dishonesty, or negligence by the title company's closing agent in handling loan funds and documents.
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