Page 40 - 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 OKLAHOMA

Title Insurance Rates OKLAHOMA
Unregulated

Form of Conveyance OKLAHOMA
Warranty Deed

State Encumbrance Forms OKLAHOMA
Mortgage

Customary Closing Entity OKLAHOMA
Title Company

Commitment Issued? Duration? OKLAHOMA
Yes; 180 Days

When Is Invoice Issued? OKLAHOMA
Varies; With Commitment or at Closing

Deed Transfer Tax? OKLAHOMA
Yes

Mortgage Tax? OKLAHOMA
Yes

Leasehold Tax? OKLAHOMA
No

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

Owner’s Policy Premium OKLAHOMA
Buyer Pays

Loan Policy Premium OKLAHOMA
Buyer Pays

Title Search and Exam Fees OKLAHOMA
Seller Pays Abstracting; Buyer Pays Everything Else

Survey Charges OKLAHOMA
Negotiable; Usually Paid by Buyer

Deed Transfer Tax OKLAHOMA
Seller Pays

Mortgage Tax OKLAHOMA
Buyer Pays

Closing Fees OKLAHOMA
Divided Equally

Recording Fees OKLAHOMA
Buyer Pays to Record New Mortgage
Seller Pays to Record Documents to Remove Encumbrances

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 40

oldrepublictitle.com/ncs Updated 07/2023