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 exclusively for the deposit and disbursement of funds for an 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