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 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.
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