Regulators and industry members are busy finding ways to curb escrow fraud in light of increases in reported escrow theft in the last few years and growing concerns about underwriter and agent solvency. One of the suggested solutions is to expand the use of closing protection letters (CPLs). Regulators and legislators in at least three states have been busy considering changes to their laws to make this happen. With underwriters increasingly being requested to accept this additional liability, and claims under CPLs growing right along with it, The Legal Description looked into the effects of CPLs on the underwriters.