(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.
Indiana Legal Code