Sec. 6. Funds received in connection with an escrow transaction must be deposited in an escrow account unless the parties to the escrow transaction agree in writing to another arrangement.
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