1. (a) As used in this section, "real estate transaction" refers to any:

   1. (1) escrow transaction;
   2. (2) settlement; or

   3. (3) closing;

      conducted in connection with the purchase, sale, or financing of an interest in real estate.

2. (b) The term does not include a real estate secured loan financing if:

   1. (1) the only parties to the loan transaction are the lender and the borrower; and
   2. (2) the lender is responsible for disbursing all of the funds to the borrower or to a third party in order to pay fees and charges associated with the loan transaction.

As added by P.L.92-2009, SEC.1.