Page 19 - 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 IOWA

Title Insurance Rates IOWA
No Title Insurance Companies are Licensed with the State
Title Policies are Written Outside of the State

Form of Conveyance IOWA
Warranty Deed; Quitclaim Deed; Trustees Deed; etc.

State Encumbrance Forms IOWA
Mortgage
Customary Closing Entity IOWA
Attorney or Iowa-Based Escrow Company
Commitment Issued? Duration? IOWA
Yes; 6 Months

When Is Invoice Issued? IOWA
With Commitment

Deed Transfer Tax? IOWA
Yes; Real Estate Revenue Stamp Tax

Mortgage Tax? IOWA
No

Leasehold Tax? IOWA
No

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

Owner’s Policy Premium IOWA
Negotiable

Loan Policy Premium IOWA
Buyer Pays

Title Search and Exam Fees IOWA
Buyer Pays Post-Closing Charges; Seller Pays Pre-Closing Abstract Charges

Survey Charges IOWA
Negotiable

Deed Transfer Tax IOWA
Seller Pays

Mortgage Tax IOWA
Not Applicable

Closing Fees IOWA
Negotiable; Buyer Pays Post-Closing Charges; Seller Pays Pre-Closing Exam/Abstracting

Recording Fees IOWA
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 19

oldrepublictitle.com/ncs Updated 07/2023