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  • Oh Cp-24.1 2008

Get Oh Cp-24.1 2008-2026

Ed: ________________________________ Signed: _____________________________ Printed Name: _______________________ Dated: ______________________________ A lender’s closing instructions requiring Closing Protection Coverage is deemed to be its acknowledgement of receipt of the Notice of Availability of Closing Protection Coverage and its acceptance of the Offer of Closing Protection Coverage. CP-24.1 1/1/2008 Page 2 of 2 .

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How to fill out the OH CP-24.1 online

The OH CP-24.1 form is essential for individuals involved in real estate transactions in Ohio, providing the necessary closing protection coverage details. This guide will help you navigate the online process of completing the form accurately and efficiently.

Follow the steps to fill out the OH CP-24.1 form online.

  1. Click the ‘Get Form’ button to access the OH CP-24.1 form and open it in the designated online editor.
  2. Begin by filling in the name of the seller in the designated section labeled 'Seller.' Ensure that the name is complete and accurately reflects the individual's or entity's legal name.
  3. Next, proceed to the 'Buyer' section and enter the name of the buyer. Again, confirm the legal name for accuracy.
  4. In the 'Borrower' field, input the full name of the borrower involved in the transaction.
  5. For the 'Lender' section, specify the lender's name, ensuring it is correct as this will be used in correspondence and legal contexts.
  6. In the 'Re:' field, provide the property address with details such as the street name, city, state abbreviation, and ZIP code.
  7. Locate the 'Licensed Agent' section and write 'Kingdom Title Solutions, Inc.' as the agency facilitating the transaction.
  8. Insert the commitment or file number in the designated area labeled 'Commitment/File No.' This number can typically be found in your transaction documentation.
  9. Review the description of coverage to understand what is being offered under the Closing Protection Coverage. It is crucial to comprehend the terms and conditions.
  10. Select whether to accept or decline the offer of Closing Protection Coverage by marking the appropriate checkbox. If accepting, ensure that you calculate and are prepared to pay the specified premium.
  11. Sign and print your name in the areas provided for acknowledgment, including the date of signing; this is required to validate your acceptance.
  12. Repeat the signing process if there are multiple signers involved in the transaction.
  13. Finally, once all fields are completed and verified, use the options available to save your changes, download the completed form, and share it as needed.

Complete your OH CP-24.1 form online today and ensure your closing protection is securely handled.

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Ohio Revised Code 3953.32 requires that, at the time an order is placed for a title insurance policy, the title insurance company or its agent must offer closing or settlement protection to the parties to the transaction.

A title insurance company may issue a closing protection letter free of charge, but this is not usually the case. How much they charge for a CPL is ultimately their decision, but the letter typically costs $25. Anyone in the transaction who opts to receive one will be responsible for an individual fee.

(A) No person shall knowingly use or operate the property of another without the consent of the owner or person authorized to give consent.

It is an indemnity contract protecting the addressee of the contract, against two potential losses arising from the Title Insurer's approved agent's failure to 1) properly handle the “funds” in a real estate closing and 2) properly comply with written closing instructions from the addressee to the title agent.

That law requires a title insurer to issue a Closing Protection Letter to all parties to the transaction: buyer, seller, lender and borrower.

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