In which scenario is a statement regarding CPL coverage NOT required?

In the context of title insurance and CPL (Closing Protection Letter) coverage, a scenario where a statement regarding CPL coverage is not required typically involves situations where the lender does not request such coverage. In the case of a mortgage refinance without prior request for CPL, it indicates that the lender's requirements do not include needing that specific coverage for the transaction.

This situation differs from scenarios like mortgage refinances when the lender explicitly requests the CPL, which necessitates a statement regarding coverage, or in transactions involving transfers of ownership or possessory interests, which similarly require detailed disclosures about coverage as part of protecting the parties' interests during the transaction.

Therefore, the absence of a prior request for a CPL in a refinance scenario leads to the conclusion that a statement regarding CPL coverage is not necessary, as there is no expectation or requirement from the lender for such protection in that particular context.