Page 15 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

State Locations

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

Title Insurance Rates HAWAII
Filed

Form of Conveyance HAWAII
Warranty Deed (Fee Simple); Assignment of Lease (Lease);
Warranty Deed or Assignment of Lease (Condo)

State Encumbrance Forms HAWAII
Mortgage

Customary Closing Entity HAWAII
Title or Escrow Company; Others (Must be Licensed Escrow Depository)

Commitment Issued? Duration? HAWAII
Yes, Upon Request; 6 Months

When Is Invoice Issued? HAWAII
At Closing

Deed Transfer Tax? HAWAII
Yes; State Conveyance Tax

Mortgage Tax? HAWAII
No

Leasehold Tax? HAWAII
Yes; Leasehold Transfer Tax

Remote Online Notarization (RON) Status HAWAII
In Effect
CUSTOMARY SPLITS

Owner’s Policy Premium HAWAII
Buyer Pays 40%; Seller Pays 60%; Buyer Pays Extended Coverage Policy

Loan Policy Premium HAWAII
Buyer Pays

Title Search and Exam Fees HAWAII
Included in Premium

Survey Charges HAWAII
Seller Pays

Deed Transfer Tax HAWAII
Seller Pays

Mortgage Tax HAWAII
Not Applicable

Closing Fees HAWAII
Divided Equally

Recording Fees HAWAII
Buyer Pays to Record Mortgage
Seller Pays to Record Deed

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 15

oldrepublictitle.com/ncs Updated 07/2023