Ind. Code § 27-7-3.7-10

Current through P.L. 171-2024

Section 27-7-3.7-10 - Advance of fees from escrow account to pay incidental fees

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.

IC 27-7-3.7-10

As added by P.L. 92-2009, SEC.1.