The following is a schedule of title insurance premiums for owner’s title insurance on property in all counties except Davidson, Hamilton, Knox and Shelby:
$3.50 per thousand or fraction thereof for the first $50,000 of coverage
$3.00 per thousand or fraction thereof for the first $50,000 and up to and including $100,000
$2.00 per thousand or fraction thereof for the first $100,000 and up to and including $5,000,000
$1.75 per thousand or fraction thereof for the first $5,000,000 and up to and including $10,000,000
$1.50 per thousand or fraction thereof over $10,000,000 and up to and including $15,000,000
$1.00 per thousand or fraction thereof over $15,000,000 and up to and including $500,000,000
$.90 per thousand or fraction thereof over $500,000,000
Minimum Premium $25.00
MORTGAGE TITLE INSURANCE RATES
The following is a schedule of title insurance premiums for owner’s title insurance on property in all counties except Davidson, Hamilton, Knox and Shelby:
$2.50 per thousand or fraction thereof for the first $50,000 of coverage
$2.00 per thousand or fraction thereof for the first $50,000 and up to and including $100,000
$1.75 per thousand or fraction thereof for the first $100,000 and up to and including $500,000
$1.50 per thousand or fraction thereof for the first $500,000 and up to and including $10,000,000
$1.25 per thousand or fraction thereof over $10,000,000 and up to and including $15,000,000
$1.00 per thousand or fraction thereof over $15,000,000 and up to and including $500,000,000
$.90 per thousand or fraction thereof over $500,000,000
Minimum Premium $15.00
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.
TENNESSEE - A title company attorney, a party to the contract, a lender’s representative, or an outside attorney may conduct a closing. Conveyance is by warranty or quit claim deed. Deeds of trust are the customary security instruments. Tennessee uses ALTA policies and endorsements. The payment of title insurance premiums, closing costs, mortgage taxes, and transfer taxes varies according to local practice. Property taxes are payable annually on the first Monday in October.
