Date: September 25, 2020 Bulletin No.: AL 2020-01 Subject: Alabama Mutual Indemnification AgreementMutual Indemnification Agreement • September 25th, 2020
Contract Type FiledSeptember 25th, 2020Reliance on a MIA is sometimes a solution to allow a current transaction to close without curing an underlying title defect. It does not “Fix” or “Cure” the underlying problem, so, depending on the issue, this “solution” may not be beneficial or acceptable to your customer, nor does reliance on a MIA necessarily protect a WFG agent from possible claims by their customer.