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

- 45 - REAL ESTATE LAWS & CUSTOMS BY STATE TENNESSEE Title Insurance Rates Filed Form of Conveyance Warranty Deed; Quitclaim Deed State Encumbrance Forms Deed of Trust; Mortgage (rare) Customary Closing Entity Title or escrow company; attorney Commitment Issued? Duration? Yes. 90 days (can be extended). When is Invoice Issued? With Commitment or at closing Deed Transfer Tax? Yes Mortgage Tax? Yes Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Negotiable Loan Policy Premium Buyer pays Title Search & Examination Negotiable; some counties include in premium Survey Charges Negotiable Deed Transfer Tax Buyer pays Mortgage Tax Buyer pays Closing Fees Divided equally Recording Fees Buyer pays