Indiana § 27-7-3.7-10 Advance of fees from escrow account to pay incidental fees

Indiana Statutes

§ 27-7-3.7-10 — Advance of fees from escrow account to pay incidental fees

Indiana § 27-7-3.7-10

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 3.7Escrow Transactions in Real Estate Transactions

This text of Indiana § 27-7-3.7-10 (Advance of fees from escrow account to pay incidental fees) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-7-3.7-10 (2026).

Text

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.

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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.