1. (a) In this subtitle the following words have the meanings indicated.

2. (b)

   1. (1) “Abstract of title” means a representation of the state of title to property based on a review of the records that impart constructive notice relating to title to property in the State.
   2. (2) “Abstract of title” includes a report of title and any other written or electronically created or preserved representation of the state of title to property.

3. (c)

   1. (1) “Title insurance commitment” means a written statement of the terms and conditions on which a title insurer is willing to issue a policy of title insurance if the title insurer accepts a premium for the policy.
   2. (2) “Title insurance commitment” includes a binder.

Added by Acts 2014, c. 318, § 2, eff. Oct. 1, 2014; Acts 2014, c. 319, § 2, eff. Oct. 1, 2014.