A closing agent may advance an amount not to exceed five hundred dollars ($500) from an escrow account on behalf of a party to an escrow transaction for the purpose of paying incidental fees, including conveyance and recording fees. Incidental fees may be paid in order to:(1) effect and close the sale of;(2) purchase;(3) exchange;(4) transfer;(5) encumber; or(6) lease;real property that is the subject of the escrow transaction.As added by P.L.92-2009, SEC.1.
Indiana Legal Code