Ind. Code § 27-7-3.7-8

Current through P.L. 171-2024

Section 27-7-3.7-8 - Disbursements; requirements for funds less than $10,000 received from single party

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.

IC 27-7-3.7-8

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