"Real estate transaction"

Sec. 5. (a) As used in this section, "real estate transaction" refers to any: (1) escrow transaction; (2) settlement; or (3) closing; conducted in connection with the purchase, sale, or financing of an interest in real estate. (b) The term does not include a real estate secured loan financing if: (1) the only parties to the loan transaction are the lender and the borrower; and (2) the lender is responsible for disbursing all of the funds to the borrower or to a third party in order to pay fees and charges associated with the loan transaction. As added by P.L.92-2009, SEC.1.