(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 […]
Premiums for title insurance shall be set out clearly and subject to the approval of the Commissioner.
(a) Except as provided in subsection (d) of this section, when, in connection with a real estate transaction that involves a purchase money mortgage or deed of trust on land in the State, a title insurer accepts a premium for a policy that insures the title to the property or the title insurer, its agent, or […]
(a) A title insurance commitment or sample of the form of policy into which the contingencies and conditions for insuring will be inserted: (1) constitutes a 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 the premium for the policy; (2) is […]
(a) (1) In this section the following words have the meanings indicated. (2) “Beneficial owner” means a person, other than the buyer in a real estate transaction, for whose benefit a title insurer or its agent is entrusted to hold trust money. (3) “Trust money” means a deposit, payment, or other money that a person entrusts to a title […]
