Disbursements; requirements for funds less than $10,000 received from single party
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Indiana Code › Title 27 › Article 7 › Chapter 3.7 › Section 27-7-3.7-8
This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.
Text
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.
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