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 term does not include a lender or an employee of a lender that conducts a settlement or closing of a real estate secured loan provided by the lender in the office of the lender.
As added by P.L.92-2009, SEC.1.
Structure Indiana Code
Article 7. Special Types of Insurance
Chapter 3.7. Escrow Transactions in Real Estate Transactions
27-7-3.7-3. "Escrow Transaction"
27-7-3.7-5. "Real Estate Transaction"
27-7-3.7-6. Funds Received in Escrow Transaction to Be Deposited in Escrow Account; Exception
27-7-3.7-7. Disbursements; Requirements for Funds of at Least $10,000 Received From Single Party
27-7-3.7-8. Disbursements; Requirements for Funds Less Than $10,000 Received From Single Party
27-7-3.7-10. Advance of Fees From Escrow Account to Pay Incidental Fees