CT Underwriting Summary - Revision history

Mattcholewa: /* Time Limitations */

2026-02-23T00:57:55Z

‎Time Limitations

Mattcholewa: /* Vesting */

2026-02-23T00:55:18Z

‎Vesting

Mattcholewa: /* UPL */

2026-02-23T00:54:14Z

‎UPL

Mattcholewa: /* Power Of Attorney */

2026-02-23T00:52:55Z

‎Power Of Attorney

Mattcholewa: /* Vesting */

2026-02-23T00:44:56Z

‎Vesting

Mattcholewa: /* Witness Requirements */

2026-02-23T00:39:18Z

‎Witness Requirements

Mattcholewa: /* Witness Requirements */

2026-02-23T00:37:40Z

‎Witness Requirements

Mattcholewa: /* Conveyance Taxes */

2026-02-23T00:32:05Z

‎Conveyance Taxes

Mattcholewa: /* UPL */

2026-02-23T00:24:43Z

‎UPL

Mattcholewa: /* Search/Exam */

2026-02-23T00:18:41Z

‎Search/Exam

@@ Line 99: / Line 99: @@
 ==Time Limitations==
 *US Judgment Liens -- 20 years
-*State Court Judgment Liens -- 20 years
+*State Court Judgment Liens -- 20 years (10 years for small claims)
 *Federal Tax Liens -- 10 years (+ 30 days)
 *State Tax Liens -- 20 years
 *Estate Tax Lien -- 10 years
 *Mechanics Liens -- 1 year
 *Financing Statements -- 5 years
-*Mortgages --
+*Mortgages -- None
 *HOA Liens -- 3 years
 *Condominium assessments --
 *Child Support Liens –
 ==Odd Stuff==

← Older revision		Revision as of 00:55, 23 February 2026
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	A non-attorney may not issue a Certificate (opinion) of Title, but title searches are customarily conducted by non-attorneys.		A non-attorney may not issue a Certificate (opinion) of Title, but title searches are customarily conducted by non-attorneys.

		+	The following tenancy types are recognized:
		+	• Individual
		+	• Tenancy in common (default)
		+	• Joint tenancy with right of survivorship. The phrase "as joint tenants" creates a joint tenancy with right of survivorship. C.G.S. §47-14a.
		+	• Life estate
		+	• A grantee of a title held by a trustee does not need to review the trust or confirm compliance with internal trust requirements (unless trust or details recorded or provided) and is not liable for the claim of any undisclosed beneficiary. See C.G.S. §47-20.
		+
		+	Acceptable instruments for transferring ownership on real property: Warranty Deed, Special Warranty Deed, Quit Claim Deeds, Trustees’ Deeds, Executors' Deeds.
	==Vesting==		==Vesting==

← Older revision		Revision as of 00:54, 23 February 2026
Line 15:		Line 15:
	A non-attorney may not issue a Certificate (opinion) of Title, but title searches are customarily conducted by non-attorneys.		A non-attorney may not issue a Certificate (opinion) of Title, but title searches are customarily conducted by non-attorneys.

−	~~The following tenancy types are recognized:~~
−	~~• Individual~~
−	~~• Tenancy in common (default)~~
−	~~• Joint tenancy with right of survivorship. The phrase "as joint tenants" creates a joint tenancy with right of survivorship. C.G.S. §47-14a.~~
−	~~• Life estate~~
−	• A grantee of a title held by a trustee does not need to review the trust or confirm compliance with internal trust requirements (unless trust or details recorded or provided) and is not liable for the claim of any undisclosed beneficiary. See C.G.S. §47-20.
−	Acceptable instruments for transferring ownership on real property: Warranty Deed (either General or Special) however other forms of deeds exist such as, Quit Claim Deeds, Fee Simple Deeds, Trustees’ Deeds, Personal Representative Deeds.
	==Vesting==		==Vesting==

@@ Line 86: / Line 86: @@
 Spouses are not required to join in conveyances of their spouses solely owned property.
 ==Power Of Attorney==
 ==Construction Liens==
 ==Foreclosure Review==

@@ Line 15: / Line 15: @@
 A non-attorney may not issue a Certificate (opinion) of Title, but title searches are customarily conducted by non-attorneys.
 ==Vesting==
 ==Witness Requirements==
 C.G.S 47-5 requires 2 witnesses on deeds and mortgages and acknowledgment before a notary.   However, deeds and mortgages executed in another state in conformity with the laws of that state relating to the conveyance of real estate in that other state, are considered valid.  C.G.S. §47-7.

← Older revision		Revision as of 00:39, 23 February 2026
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	The Validating Act, C.G.S. §47-36aa et seq. validates defectively witness and acknowledged deeds two years after recording if no action is filed and Lis Pendens recorded contesting the validity of the deed within that time frame.		The Validating Act, C.G.S. §47-36aa et seq. validates defectively witness and acknowledged deeds two years after recording if no action is filed and Lis Pendens recorded contesting the validity of the deed within that time frame.
		+
		+	Acknowledgment of Deeds and Mortgages by way on remote online notarization is not permitted.

	==Conveyance Taxes==		==Conveyance Taxes==

@@ Line 21: / Line 21: @@
 ==Conveyance Taxes==
-C.G.S. Sec 12-494 et seq. governs the conveyance tax. The tax is only applicable to deeds. There is no tax on mortgages. Conveyances for less than $2,000.00 are exempt. Connecticut has both a municipal and state conveyance tax.  The applicable state and municipal rates are added together to get the total tax rate for a particular property conveyance. The percentage of state conveyance tax depends on the amount paid for the property (see below). The tax is paid by the Seller. The town clerk collects the tax when the deed is recorded.
+C.G.S. Sec 12-494 et seq. governs the conveyance tax. The tax is only applicable to deeds and easements. There is no mortgage tax. Conveyances for less than $2,000.00 are exempt. Connecticut has both a municipal and state conveyance tax.  The applicable state and municipal rates are added together to get the total tax rate for a particular property conveyance. The percentage of state conveyance tax depends on the amount paid for the property (see below). The tax is paid by the Seller. The town clerk collects the tax when the deed is recorded.
-Residential Property:
+Municipal Portion (the municipal conveyance tax is non dependent on the property type):
 The majority of municipalities charge 0.25% of the purchase price in accordance with C.G.S. Sec 12-494(a)(2). C.G.S. Sec 12-494(c) allows municipalities to charge up to an additional 0.25% tax.
@@ Line 47: / Line 47: @@
 Windham
-The state tax is 0.75% of the purchase price up to and including $800,000.00. The rate is 1.25% on the portion of the consideration over $800,000 up to and including $2,500,000.00. The rate is 2.25% on the portion of the consideration above $2,500,000.00.
+State Conveyance Tax (the rate for the State conveyance tax depends on the property type):
-Vacant Land - State Rate is 0.75% of the purchase price. Municipal taxes are the same as set forth above.
+For a "residential dwelling" (single family including condominium units), the state tax is 0.75% of the purchase price up to and including $800,000.00. The rate is 1.25% on the portion of the consideration over $800,000 up to and including $2,500,000.00. The rate is 2.25% on the portion of the consideration above $2,500,000.00.
-Non-Residential Property (excluding vacant land) is taxed by the state at 1.25% of the purchase price. Municipal taxes are the same as set forth above.
+For Residential property other than a residential dwelling, including multi-family, the State Rate is 0.75% of the purchase price.
 C.G.S. Sec 12-497a and 12-498 set forth transactions exempt from the conveyance tax. Notable exceptions include:

@@ Line 9: / Line 9: @@
 ==UPL==
-By custom, settlements are conducted by attorneys. Conveyance instruments are drawn by attorneys. Only attorneys licensed to practice law in the State of Connecticut may be title agents.
+By custom and statute, settlements are conducted by attorneys.  No person may conduct a "real estate closing" except an attorney admitted to practice in the State of Connecticut.   Conn. Gen. Stats. §51-88a.
 ==Vesting==
 ==Witness Requirements==

@@ Line 1: / Line 1: @@
 ==Search/Exam==
-*Minimum Search Requirements -- CT Attorney only  The minimum period of time for a title search is forty years back to a root deed pursuant to the Marketable Record Title Act, Conn. Gen. Stats. §47-33b. By custom and underwriting practice, shorter search periods are generally used for refinance transactions or residential purchases.
+*Minimum Search Requirements -- The minimum period of time for a title search is forty years back to a root deed pursuant to the Marketable Record Title Act, Conn. Gen. Stats. §47-33b. By custom and underwriting practice, shorter search periods are generally used for refinance transactions or residential purchases.
 *Plant or other search restrictions -- CT Attorney only
 *Additional Requirements for REO Searches -- Foreclosure review (court file)