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Dealer should honor the price and Ford will send them the reimbursement on their Dealer Payment Statement about 45-60 days later.Maybe I don't know enough to comment, but I saw this video explaining the price protection. Jump to the 6-minute mark and listen till the 11-minute mark.
Price Increases coming to Ford and How to Protect The BEST price as well as avoid delays, and More - YouTube
Would Ford be sending you a check directly for the price protection?