Page 42 - 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 PENNSYLVANIA

Title Insurance Rates PENNSYLVANIA
Filed

Form of Conveyance PENNSYLVANIA
Special Warranty Deed; General Warranty Deed

State Encumbrance Forms PENNSYLVANIA
Mortgage

Customary Closing Entity PENNSYLVANIA
Title or Escrow Company; Others

Commitment Issued? Duration? PENNSYLVANIA
Yes; 6 Months

When Is Invoice Issued? PENNSYLVANIA
With Commitment

Deed Transfer Tax? PENNSYLVANIA
Yes; Realty Transfer Tax (State/Local Municipalities)

Mortgage Tax? PENNSYLVANIA
No

Leasehold Tax? PENNSYLVANIA
Yes; Realty Transfer Tax If ≤ 30 Years (Including Options to Renew)

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

Owner’s Policy Premium PENNSYLVANIA
Buyer Pays

Loan Policy Premium PENNSYLVANIA
Buyer Pays

Title Search and Exam Fees PENNSYLVANIA
Included in Premium

Survey Charges PENNSYLVANIA
Buyer Pays

Deed Transfer Tax PENNSYLVANIA
Divided Equally

Mortgage Tax PENNSYLVANIA
Not Applicable

Closing Fees PENNSYLVANIA
Included in Premium

Recording Fees PENNSYLVANIA
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 42

oldrepublictitle.com/ncs Updated 07/2023