(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.