ORIGINAL TITLE INSURANCE RATE FOR OWNER'S OR LEASEHOLD OWNER'S POLICY
Owner's and Leasehold Policies
Policy Amount
Cost per $1000
Up to $12,000
$100.00
$12,001
Up to $50,000
$5.40 per M
$50,001
Up to $100,000
$4.80 per M
$100,001
Up to $500,000
$4.50 per M
$500,001
Up to $1,000,000
$3.60 per M
$1,000,001
Up to $2,000,000
$3.00 per M
$2,000,001
Up to $10,000,000
$2.70 per M
$10,000,001
Up to $15,000,000
$2.40 per M
$15,000,001
Up to $25,000,000
$2.10 per M
$25,000,001
Up to $35,000,000
$1.80 per M
$35,000,001 and above
$1.50 per M
ORIGINAL TITLE INSURANCE RATE FOR LOAN POLICIES OR LEASEHOLD LOAN POLICY
Mortgagee Policies
Policy Amount
Cost per $1000
Up to $12,000
$100.00
$12,001
Up to $50,000
$4.2 per M
$50,001
Up to $100,000
$3.60 per M
$100,001
Up to $500,000
3.30 per M
$500,001
Up to $1,000,000
$2.70 per M
$1,000,001
Up to $2,000,000
$2.40 per M
$2,000,001
Up to $15,000,000
$2.10 per M
$15,000,001
Up to $25,000,000
$1.80 per M
$25,000,001
Up to $35,000,000
$1.50 per M
$35,000,001 and above
$1.20 per M
Summary of Closing & Escrow Procedures around the United States
This summary is merely a general reference guide. Local practices within your city or county may differ. Contact a local title company or real estate attorney for specific information. This is not intended as legal advice, but merely as a general reference guide.
LOUISIANA - Either attorneys or corporate title agents may conduct closings, but a notary must authenticate the documentation. Conveyance is by warranty deed or by act of sale. Mortgages are the security instruments generally used in commercial transactions, while vendor’s liens and seller’s privileges are used in other purchase money situations. Louisiana uses ALTA owners and lenders policies and endorsements. Buyers generally pay the title insurance and closing costs. There are no mortgage or transfer taxes. Property tax payment dates vary from parish to parish (parishes are like counties). Louisiana is a community property state.
