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§ 27-7-3-7-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 7 - Special Types of Insurance/
  6. Chapter 3.7 - Escrow Transactions in Real Estate Transactions27-7-3.7-1. "Closing Agent"/
  7. § 27-7-3-7-1
Indiana Legal Code

§ 27-7-3-7-1

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(a) As used in this chapter, 'closing agent' means a person that:(1) closes an escrow transaction in connection with the purchase, sale, or financing of an interest in real estate; and(2) is required to be licensed as an insurance producer under IC 27-1-15.6.(b) The term does not include a lender or an employee of a lender that conducts a settlement or closing of a real estate secured loan provided by the lender in the office of the lender.As added by P.L.92-2009, SEC.1.