Page 30 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 30

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                    MONTANA
        Title Insurance Rates   MONTANA
            Risk Rates are Filed

       Form of Conveyance   MONTANA
            Warranty Deed; Quitclaim Deed; Special Warranty Deed

       State Encumbrance Forms   MONTANA
            Deed of Trust (Preferred; ≤ 40 Acres); Mortgage Required > 40 Acres
       Customary Closing Entity       MONTANA
            Title Company

       Commitment Issued? Duration?          MONTANA
            Yes; 6 Months
       When Is Invoice Issued?      MONTANA
            Varies; With Commitment or at Closing
       Deed Transfer Tax?   MONTANA
            No

       Mortgage Tax?   MONTANA
            No

       Leasehold Tax?   MONTANA
            No

       Remote Online Notarization (RON) Status   MONTANA
            In Effect

        CUSTOMARY SPLITS
       Owner's Policy Premium   MONTANA
            Seller Pays


       Loan Policy Premium   MONTANA
            Buyer Pays


       Title Search and Exam Fees   MONTANA
            Included in Premium


       Survey Charges   MONTANA
            Not Applicable


       Deed Transfer Tax   MONTANA
            Not Applicable


       Mortgage Tax   MONTANA
            Not Applicable


       Closing Fees   MONTANA
            Divided Equally


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


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