Page 24 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

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 MARYLAND
Title Insurance Rates MARYLAND
Filed

Form of Conveyance MARYLAND
Warranty Deed

State Encumbrance Forms MARYLAND
Deed of Trust; Mortgage
Customary Closing Entity MARYLAND
Title Company; Attorney

Commitment Issued? Duration? MARYLAND
Yes; 6 Months
When Is Invoice Issued? MARYLAND
At Closing Unless Requested Earlier
Deed Transfer Tax? MARYLAND
Yes; State and Some Counties

Mortgage Tax? MARYLAND
Yes; Recordation Tax

Leasehold Tax? MARYLAND
Yes; Ground and Commercial ≥ 7 Years

Remote Online Notarization (RON) Status MARYLAND
In Effect

CUSTOMARY SPLITS
Owner's Policy Premium MARYLAND
Buyer Pays

Loan Policy Premium MARYLAND
Buyer Pays; Buyer or Borrower

Title Search and Exam Fees MARYLAND
Buyer Pays; Buyer or Borrower

Survey Charges MARYLAND
Buyer Pays; Buyer or Borrower

Deed Transfer Tax MARYLAND
50/50 or Negotiable
Absent First Time Home Buyer; Same Holds for Recordation Taxes on Deed

Mortgage Tax MARYLAND
Buyer Pays Recordation Tax on Mortgage/Deed of Trust

Closing Fees MARYLAND
Buyer Pays; Negotiable

Recording Fees MARYLAND
Buyer Pays to Record Deed and Deed of Trust
Seller Pays to Record any Releases

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