Page 22 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 22

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                    LOUISIANA
        Title Insurance Rates   LOUISIANA
            Filed

       Form of Conveyance   LOUISIANA
            Warranty Deed; Act of Sale

       State Encumbrance Forms   LOUISIANA
            Act of Mortgage
       Customary Closing Entity       LOUISIANA
            Title or Escrow Company

       Commitment Issued? Duration?          LOUISIANA
            Yes; 6 Months
       When Is Invoice Issued?      LOUISIANA
            With Commitment
       Deed Transfer Tax?   LOUISIANA
            No; Except New Orleans

       Mortgage Tax?   LOUISIANA
            No;  Except New Orleans

       Leasehold Tax?   LOUISIANA
            No; Except New Orleans

       Remote Online Notarization (RON) Status   LOUISIANA
            In Effect

        CUSTOMARY SPLITS
       Owner's Policy Premium   LOUISIANA
            Buyer Pays


       Loan Policy Premium   LOUISIANA
            Buyer Pays


       Title Search and Exam Fees   LOUISIANA
            Buyer Pays


       Survey Charges   LOUISIANA
            Buyer Pays; Sometimes Negotiated


       Deed Transfer Tax   LOUISIANA
            Not Applicable


       Mortgage Tax   LOUISIANA
            Not Applicable


       Closing Fees   LOUISIANA
            Shared by Parties


       Recording Fees   LOUISIANA
            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  22
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