Page 16 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 16

State Locations

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

       Title Insurance Rates   IDAHO
            Filed

       Form of Conveyance   IDAHO
            Warranty Deed; Quitclaim Deed; Special Warranty Deed


       State Encumbrance Forms   IDAHO
            Deed of Trust (Preferred); Mortgage

       Customary Closing Entity   IDAHO
            Title Company

       Commitment Issued? Duration?   IDAHO
            Yes; 6 Months

       When Is Invoice Issued?   IDAHO
            At Closing or When Policy is Issued

       Deed Transfer Tax?   IDAHO
            No

       Mortgage Tax?   IDAHO
            No

       Leasehold Tax?   IDAHO
            No


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

       Owner’s Policy Premium   IDAHO
            Seller Pays


       Loan Policy Premium   IDAHO
            Buyer Pays


       Title Search and Exam Fees   IDAHO
            Included in Premium


       Survey Charges   IDAHO
            Negotiable


       Deed Transfer Tax   IDAHO
            Not Applicable


       Mortgage Tax   IDAHO
            Not Applicable


       Closing Fees   IDAHO
            Divided Equally


       Recording Fees   IDAHO
            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  16

                                                  oldrepublictitle.com/ncs                                       Updated 07/2023
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