Page 10 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 10

State Locations

                                                                                               A STATE - BY - STATE GUIDE
       REAL ESTATE LAWS AND CUSTOMS                                                                 CONNECTICUT

       Title Insurance Rates   CONNECTICUT
            Filed

       Form of Conveyance   CONNECTICUT
            Warranty Deed; Quitclaim Deed


       State Encumbrance Forms   CONNECTICUT
            Mortgage

       Customary Closing Entity   CONNECTICUT
            Attorney

       Commitment Issued? Duration?   CONNECTICUT
            Yes; 6 Months

       When Is Invoice Issued?   CONNECTICUT
            With Commitment

       Deed Transfer Tax?   CONNECTICUT
            Yes; State/Municipal Real Estate Conveyance Tax

       Mortgage Tax?   CONNECTICUT
            No

       Leasehold Tax?   CONNECTICUT
            No; Unless Lease is ≥ 99 Years (Including Renewals)


       Remote Online Notarization (RON) Status   CONNECTICUT
            Not Permitted
       CUSTOMARY SPLITS

       Owner’s Policy Premium   CONNECTICUT
            Buyer Pays


       Loan Policy Premium   CONNECTICUT
            Borrower


       Title Search and Exam Fees   CONNECTICUT
            Borrower


       Survey Charges   CONNECTICUT
            Party Requesting Survey


       Deed Transfer Tax   CONNECTICUT
            Seller Pays


       Mortgage Tax   CONNECTICUT
            Not Applicable


       Closing Fees   CONNECTICUT
            Negotiable


       Recording Fees   CONNECTICUT
            Buyer Pays to Record Deed and Mortgage
           Seller Pays to Record Documents to Remove Encumbrances

                   UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com  10

                                                  oldrepublictitle.com/ncs                                       Updated 07/2023
   5   6   7   8   9   10   11   12   13   14   15