|R. 69B-186.008||Escrow Disbursements|
|R. 69B-186.010||Unlawful Rebates and Inducements Related to Title Insurance Transactions|
Terms Used In Florida Regulations > Chapter 69B-186
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.