§ 5-16-5.5-3.1 — Escrow accounts; establishment and maintenance; fee; schedule

Indiana § 5-16-5.5-3.1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 16: PUBLIC WORKS
• Ch. 5.5: Retainage, Bonds, and Payment of Contractors and

Text

1. The treasurer of state may charge a
reasonable fee for services that the treasurer renders in connection with
the establishment and administration of escrow accounts. If the
treasurer charges such fee, the treasurer shall prepare a fee schedule
and make it available to the contractor. Any fee must be paid by the
contractor at the time the escrow account is established.

Legislative History

As added by P.L.69-1987, SEC.1.