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344 chapters · 3,652 sections in this title.
Ind. Code § 27-7-3.7-1 "Closing agent"
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Sec. 1. (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 te…
Ind. Code § 27-7-3.7-10 Advance of fees from escrow account to pay incidental fees
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Sec. 10. 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 t…
Ind. Code § 27-7-3.7-2 "Escrow account"
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Sec. 2. 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 exclusive…
Ind. Code § 27-7-3.7-3 "Escrow transaction"
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Sec. 3. (a) As used in this chapter, "escrow transaction" means a transaction in which a person deposits with a closing agent funds that are to be held until: (1) a specified event occurs; or (2) the performance of a prescribed condition; in connection with the purchase, sale, or…