Indiana Statutes
§ 27-7-3.7-8 — Disbursements; requirements for funds less than $10,000 received from single party
Indiana § 27-7-3.7-8
JurisdictionIndiana
Title 27INSURANCE
Art. 7SPECIAL TYPES OF INSURANCE
Ch. 3.7Escrow Transactions in Real Estate Transactions
This text of Indiana § 27-7-3.7-8 (Disbursements; requirements for funds less than $10,000 received from single party) 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 § 27-7-3.7-8 (2026).
Text
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.
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Legislative History
As added by P.L.92-2009, SEC.1.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
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"Healthcare Common Procedure Coding System"; "HCPCS"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 27-7-3.7-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-7-3.7-8.