The Basic Rate for Owner's Title Insurance and for Mortgage Title Insurance shall be:
Per Thousand
Up to
$50,000 of liability written
$ 3.00
Over $50,000 and up to $100,000 add
$ 2.50
Over $100,000 and up to $500,000 add
$ 1.75
Over $500,000 and up to $5,000,000 add
$ 1.50
Over $5,000,000 add
$ 1.00
MINIMUM PREMIUMS FOR BASIC RATES:
In using the Basic Rate, the following Minimum Premiums apply:
For Policies insuring an Interval Ownership (Timeshare), the Minimum Premium is
$ 60.00
For Policies of any other type, the Minimum Premiums is
$ 75.00
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.
SOUTH CAROLINA - Attorneys customarily handle closings. Conveyance is by warranty deed. Mortgages are most often the security instruments. South Carolina uses owner’s and lender’s ALTA policies and endorsements. Buyers pay closing costs, title insurance premiums, and state mortgage taxes; sellers pay the transfer taxes. Property tax payment dates vary across the state from September 15 to December 31.
