Indiana Code
Chapter 3.7. Escrow Transactions in Real Estate Transactions
27-7-3.7-3. "Escrow Transaction"

Sec. 3. (a) As used in this chapter, "escrow transaction" means a transaction in which a person deposits with a closing agent funds that are to be held until:
(1) a specified event occurs; or
(2) the performance of a prescribed condition;
in connection with the purchase, sale, or financing of an interest in real estate.
(b) The term does not include a loan financing if:
(1) the only parties to the loan transaction are the lender and the borrower; and
(2) the lender is responsible for disbursing all of the funds to the borrower or to a third party in order to pay fees and charges associated with the loan transaction.
As added by P.L.92-2009, SEC.1.

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Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 7. Special Types of Insurance

Chapter 3.7. Escrow Transactions in Real Estate Transactions

27-7-3.7-1. "Closing Agent"

27-7-3.7-2. "Escrow Account"

27-7-3.7-3. "Escrow Transaction"

27-7-3.7-4. "Good Funds"

27-7-3.7-5. "Real Estate Transaction"