Md. Code, Ins. § 22-101

Current with changes from the 2024 Legislative Session
Section 22-101 - Definitions
(a) In this subtitle the following words have the meanings indicated.
(b)
(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) "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.
(c)
(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) "Title insurance commitment" includes a binder.

Md. Code, IN § 22-101

Added by 2014 Md. Laws, Ch. 319,Sec. 2, eff. 10/1/2014.
Added by 2014 Md. Laws, Ch. 318,Sec. 2, eff. 10/1/2014.