Page 7 - 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 ARKANSAS

Title Insurance Rates ARKANSAS
Rates Are Not Formally Filed

Form of Conveyance ARKANSAS
Warranty Deed

State Encumbrance Forms ARKANSAS
Deed of Trust (Preferred); Mortgage

Customary Closing Entity ARKANSAS
Title or Abstract Company; Others

Commitment Issued? Duration? ARKANSAS
Yes; 6 Months

When Is Invoice Issued? ARKANSAS
With Commitment

Deed Transfer Tax? ARKANSAS
Yes; Deed Transfer Tax

Mortgage Tax? ARKANSAS
No

Leasehold Tax? ARKANSAS
No

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

Owner’s Policy Premium ARKANSAS
Seller Pays

Loan Policy Premium ARKANSAS
Buyer Pays

Title Search and Exam Fees ARKANSAS
Negotiable

Survey Charges ARKANSAS
Negotiable

Deed Transfer Tax ARKANSAS
Divided Equally (Unless Agreed Upon Otherwise)

Mortgage Tax ARKANSAS
Not Applicable

Closing Fees ARKANSAS
Divided Equally

Recording Fees ARKANSAS
Buyer Pays

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 7

oldrepublictitle.com/ncs Updated 07/2023