Page 10 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 10

State Locations

                                                                                                 A STATE- BY- STATE GUIDE
        R E A L         E S T A T E           L A W S          &      C U S T O M S                  CONNECTICUT
        Title Insurance Rates   CONNECTICUT
            Filed

       Form of Conveyance   CONNECTICUT
            Warranty Deed; Quitclaim Deed

       State Encumbrance Forms   CONNECTICUT
            Mortgage
       Customary Closing Entity       CONNECTICUT
            Attorney

       Commitment Issued? Duration?          CONNECTICUT
            Yes; 6 Months
       When Is Invoice Issued?      CONNECTICUT
            With Commitment
       Deed Transfer Tax?   CONNECTICUT
            Yes; State/Municipal Real Estate Conveyance Tax

       Mortgage Tax?   CONNECTICUT
            No

       Leasehold Tax?   CONNECTICUT
            No; Unless Lease is ≥ 99 Years (Including Renewals)

       Remote Online Notarization (RON) Status   CONNECTICUT
            Not Permitted

        CUSTOMARY SPLITS
       Owner's Policy Premium   CONNECTICUT
            Buyer Pays


       Loan Policy Premium   CONNECTICUT
            Borrower


       Title Search and Exam Fees   CONNECTICUT
            Borrower


       Survey Charges   CONNECTICUT
            Party Requesting Survey


       Deed Transfer Tax   CONNECTICUT
            Seller Pays


       Mortgage Tax   CONNECTICUT
            Not Applicable


       Closing Fees   CONNECTICUT
            Negotiable


       Recording Fees   CONNECTICUT
            Buyer Pays to Record Deed and Mortgage
            Seller Pays to Record Documents to Remove Encumbrances


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