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The document is an application for Collateral Protection Insurance, detailing lender information, outstanding loans, loan data, previous coverage, insurance procedures, collection procedures, and requested coverage. It outlines the requirements for insurance verification and collection practices related to various types of loans such as automobiles, watercraft, and personal property. The document also includes a disclosure regarding fraudulent information in insurance applications.

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2007	4 Satisfied (23 Votes)

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Is CPI the same as insurance?

Collateral protection insurance \u2014 or CPI \u2014 is a type of car insurance purchased by your lender to protect your vehicle if you don't have the required amount of insurance coverage. CPI is more expensive than standard car insurance, and the policy doesn't always offer full auto insurance coverage.

What is Texas collateral protection insurance?

a) Collateral protection insurance is insurance coverage that: (1) is purchased by a creditor after the date of a credit agreement; (2) provides monetary protection against loss of or damage to the collateral or against liability arising out of the ownership or use of the collateral; and.

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