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

- 37 - REAL ESTATE LAWS & CUSTOMS BY STATE NORTH DAKOTA Title Insurance Rates Filed Form of Conveyance Warranty Deed State Encumbrance Forms Mortgage; Deed of Trust (rare) Customary Closing Entity Title or escrow company; lender; attorney Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With Commitment Deed Transfer Tax? No Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Buyer pays Loan Policy Premium Buyer pays Title Search & Examination Seller pays Survey Charges Buyer pays; sometimes negotiated Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Buyer pays Recording Fees Buyer pays to record Mortgage Seller pays to record Deed and documents to remove encumbrances