Disbursements; requirements for funds less than $10,000 received from single party

Ind. Code § 27-7-3.7-8
in effect
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Sec. 8. A closing agent may not make disbursements from an escrow account in connection with a real estate transaction unless any funds that: (1) are received from any single party to the real estate transaction; and (2) in the aggregate are less than ten thousand dollars ($10,000); are good funds. As added by P.L.92-2009, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

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