Real Estate Laws & Customs By State - Fidelity National Title Insurance Company

- 20 - REAL ESTATE LAWS & CUSTOMS BY STATE KENTUCKY Title Insurance Rates Filed Form of Conveyance Warranty Deed; Special Warranty Deed; Trustee or Fiduciary Deed State Encumbrance Forms Mortgage Customary Closing Entity Attorney; title company Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment Deed Transfer Tax? Yes, Deed Transfer Tax Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Buyer pays Loan Policy Premium Buyer pays Title Search & Examination Buyer pays Survey Charges Buyer pays; sometimes negotiated Deed Transfer Tax Seller pays Mortgage Tax Not applicable Closing Fees Buyer pays; sometimes negotiated Recording Fees Buyer pays recording fees; Seller pays document prep fees