For Lenders: 30-day Commitment to Insure (“CTI”) coverage during delays caused by COVID-19
To minimize the impact to your business during these uncertain times, FCT is pleased to offer a 30-day commitment expiry on all deals. If the security document package is not signed within the CTI expiry date of 30 days, an amended CTI will need to be issued by FCT.
Close with confidence
In the event of other unforeseen issues related to the COVID-19 outbreak, please contact your Business Development Manager – we will work with you to help get your deals closed.
We continue to monitor the situation closely and to review coverages that will benefit you and your clients through these uncertain times.
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