Page 39 - 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 OHIO

Title Insurance Rates OHIO
Filed

Form of Conveyance OHIO
Warranty Deed; Limited Warranty Deed; Quitclaim Deed; Fiduciary Deed; Survivorship
Deed

State Encumbrance Forms OHIO
Mortgage

Customary Closing Entity OHIO
Title Agency or Company

Commitment Issued? Duration? OHIO
Yes; 6 Months

When Is Invoice Issued? OHIO
Included in Settlement Statement

Deed Transfer Tax? OHIO
Yes; Real Property Conveyance Fee

Mortgage Tax? OHIO
No

Leasehold Tax? OHIO
No

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

Owner’s Policy Premium OHIO
Northern Ohio Split; Southern Ohio Buyer Pays

Loan Policy Premium OHIO
Buyer Pays

Title Search and Exam Fees OHIO
Seller Pays; Southern Ohio Buyer Pays

Survey Charges OHIO
Buyer Pays; Sometimes Negotiated

Deed Transfer Tax OHIO
Seller Pays

Mortgage Tax OHIO
Not Applicable

Closing Fees OHIO
Negotiable; Usually Divided Equally; Southern Ohio Buyer Pays

Recording Fees OHIO
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 39

oldrepublictitle.com/ncs Updated 07/2023