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

- 47 - REAL ESTATE LAWS & CUSTOMS BY STATE UTAH Title Insurance Rates Filed Form of Conveyance Warranty Deed; Special Warranty Deed State Encumbrance Forms Mortgage; Deed of Trust Customary Closing Entity Title or escrow company Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? At closing; sometimes when policy issues Deed Transfer Tax? No Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Seller pays, negotiable by contract Loan Policy Premium Buyer pays, negotiable by contract Title Search & Examination Included in premium Survey Charges Buyer pays, negotiable by contract Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Divided equally or by contract Recording Fees Negotiable by contract; Buyer usually pays to record Deed and Mortgage and Seller pays to record documents to remove encumbrances