As used in this chapter, 'escrow account' means a checking account established by a closing agent with a:(1) bank;(2) savings and loan association;(3) credit union; or(4) savings bank;that is chartered under the laws of a state or the United States and used exclusively for the deposit and disbursement of funds for an escrow transaction.As added by P.L.92-2009, SEC.1.
Indiana Legal Code