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

- 46 - REAL ESTATE LAWS & CUSTOMS BY STATE TEXAS Title Insurance Rates Promulgated Rate by State Insurance Department Form of Conveyance General Warranty Deed; Special Warranty Deed State Encumbrance Forms Vendor’s Lien retained in Deed; Deed of Trust Customary Closing Entity Title company; attorney Commitment Issued? Duration? Yes. 90 days. 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 Included in premium Survey Charges Negotiable (unless residential loan requirements state otherwise) Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Negotiable Recording Fees Negotiable; Buyer typically pays to record Mortgage and Seller pays to record Deed and documents to remove encumbrances