In this subtitle the following words have the meanings indicated. “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. “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. “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. “Title insurance commitment” includes a binder.