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§ 27-7-3-7-8 — 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. § 27-7-3-7-8
Indiana Legal Code

§ 27-7-3-7-8

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A closing agent may not make disbursements from an escrow account in connection with a real estate transaction unless any funds that:(1) are received from any single party to the real estate transaction; and(2) in the aggregate are less than ten thousand dollars ($10,000);are good funds.As added by P.L.92-2009, SEC.1.