Page 23 - 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 MAINE

Title Insurance Rates MAINE
Filed

Form of Conveyance MAINE
Warranty Deed; Quitclaim Deed; Quitclaim Deed with Covenant; Trustees Deed;
Personal Representative’s Deed of Distribution; Personal Representative’s Deed of Sale

State Encumbrance Forms MAINE
Mortgage

Customary Closing Entity MAINE
Title Company; Attorney

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

When Is Invoice Issued? MAINE
With Commitment

Deed Transfer Tax? MAINE
Yes; Real Estate Transfer Tax

Mortgage Tax? MAINE
No

Leasehold Tax? MAINE
No

Remote Online Notarization (RON) Status MAINE
Law Passed, But Not in Effect
CUSTOMARY SPLITS

Owner’s Policy Premium MAINE
Buyer Pays

Loan Policy Premium MAINE
Buyer Pays

Title Search and Exam Fees MAINE
Buyer Pays

Survey Charges MAINE
Buyer Pays

Deed Transfer Tax MAINE
50/50 or Negotiable

Mortgage Tax MAINE
Not Applicable

Closing Fees MAINE
Buyer Pays

Recording Fees MAINE
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 23

oldrepublictitle.com/ncs Updated 07/2023