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

- 29 - REAL ESTATE LAWS & CUSTOMS BY STATE MONTANA Title Insurance Rates Filed Form of Conveyance Warranty Deed; Corporate Deed; Grant Deed State Encumbrance Forms Deed of Trust; Trust Indenture; Mortgage (over 40 acres) Customary Closing Entity Title or escrow company; attorney Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? At closing Deed Transfer Tax? No Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Seller pays Loan Policy Premium Buyer pays Title Search & Examination Fees included in premium. Complex files may incur a work fee. Survey Charges Buyer pays if loan only transaction; negotiable for sales transactions Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Divided equally Recording Fees Buyer pays