Page 46 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 46

State Locations

                                                                                               A STATE - BY - STATE GUIDE
       REAL ESTATE LAWS AND CUSTOMS                                                                  TENNESSEE

       Title Insurance Rates   TENNESSEE
            Filed

       Form of Conveyance   TENNESSEE
            Warranty Deed; Quitclaim Deed


       State Encumbrance Forms   TENNESSEE
            Deed of Trust; Mortgage (Rare)

       Customary Closing Entity   TENNESSEE
            Title or Escrow Company; Attorney

       Commitment Issued? Duration?   TENNESSEE
            Yes; 6 Months

       When Is Invoice Issued?   TENNESSEE
            With Commitment or at Closing

       Deed Transfer Tax?   TENNESSEE
            Yes

       Mortgage Tax?   TENNESSEE
            Yes

       Leasehold Tax?   TENNESSEE
            No


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

       Owner’s Policy Premium   TENNESSEE
            Negotiable


       Loan Policy Premium   TENNESSEE
            Buyer Pays


       Title Search and Exam Fees   TENNESSEE
            Negotiable; Some Counties Include Premium


       Survey Charges   TENNESSEE
           Negotiable


       Deed Transfer Tax   TENNESSEE
            Buyer Pays


       Mortgage Tax   TENNESSEE
            Buyer Pays


       Closing Fees   TENNESSEE
            Varies by City Location; Contact Local Underwriter for More Information


       Recording Fees   TENNESSEE
            Buyer Pays


                   UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com  46

                                                  oldrepublictitle.com/ncs                                       Updated 07/2023
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