Form T-3 "Notice of Closing or Settlement Risk" - Missouri

What Is Form T-3?

This is a legal form that was released by the Missouri Department of Commerce and Insurance - a government authority operating within Missouri. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on June 25, 2008;
  • The latest edition provided by the Missouri Department of Commerce and Insurance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form T-3 by clicking the link below or browse more documents and templates provided by the Missouri Department of Commerce and Insurance.

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Download Form T-3 "Notice of Closing or Settlement Risk" - Missouri

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Notice of Closing or Settlement Risk
To: ______________________________
______Because the title insurer, agency or agent performing settlement or
closing services for your transaction is not issuing a commitment, binder or
title insurance policy, you are not being issued a Closing Protection Letter.*
Or,
______Because you have not requested closing protection, a Closing
Protection Letter will not be issued to you.
A closing protection letter protects a buyer, lender or seller against losses
because of the following acts of the title insurer’s named issuing title agency
or agent:
a) Acts of theft of settlement funds or fraud with regard to settlement
funds; and
b) Failure to comply with written closing instructions by the proposed
insured when agreed to by the title agency or title agent relating to
title insurance coverage.
*Under section 381.058.3, RSMo, a title insurer has the authority to issue
closing protection letters ONLY for transactions in which it is issuing a title
insurance policy and its Policy Issuing agent or agency is performing closing
or settlement services.
Receipt
I/We have received the Notice of Closing or Settlement Risk.
By: ___________________________________
Date: _______________
BUYER/SELLER Name
By: __________________________________
Date: _______________
BUYER/SELLER Name
OR
I, [PRINTED TITLE INSURANCE AGENT name] delivered the Notice of
Closing or Settlement Risk to [BUYER/SELLER Name] on [DATE].
DIFP
Form T-3
Revised 06/25/2008
Notice of Closing or Settlement Risk
To: ______________________________
______Because the title insurer, agency or agent performing settlement or
closing services for your transaction is not issuing a commitment, binder or
title insurance policy, you are not being issued a Closing Protection Letter.*
Or,
______Because you have not requested closing protection, a Closing
Protection Letter will not be issued to you.
A closing protection letter protects a buyer, lender or seller against losses
because of the following acts of the title insurer’s named issuing title agency
or agent:
a) Acts of theft of settlement funds or fraud with regard to settlement
funds; and
b) Failure to comply with written closing instructions by the proposed
insured when agreed to by the title agency or title agent relating to
title insurance coverage.
*Under section 381.058.3, RSMo, a title insurer has the authority to issue
closing protection letters ONLY for transactions in which it is issuing a title
insurance policy and its Policy Issuing agent or agency is performing closing
or settlement services.
Receipt
I/We have received the Notice of Closing or Settlement Risk.
By: ___________________________________
Date: _______________
BUYER/SELLER Name
By: __________________________________
Date: _______________
BUYER/SELLER Name
OR
I, [PRINTED TITLE INSURANCE AGENT name] delivered the Notice of
Closing or Settlement Risk to [BUYER/SELLER Name] on [DATE].
DIFP
Form T-3
Revised 06/25/2008
By: __________________________________
Date: _______________
TITLE INSURANCE AGENT
DIFP
Form T-3
Revised 06/25/2008
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