# Ind. Code § 27-7-3.7-8: Disbursements; requirements for funds less than $10,000 received from single party

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-8

## Section

- **Citation:** Ind. Code § 27-7-3.7-8
- **Heading:** Disbursements; requirements for funds less than $10,000 received from single party
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 27 / Article 7 / Chapter 3.7 / Section 27-7-3.7-8

## 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.

## Nearby sections

- [Ind. Code § 27-7-3.7-1 "Closing agent"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-1.md)
- [Ind. Code § 27-7-3.7-2 "Escrow account"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-2.md)
- [Ind. Code § 27-7-3.7-3 "Escrow transaction"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-3.md)
- [Ind. Code § 27-7-3.7-4 "Good funds"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-4.md)
- [Ind. Code § 27-7-3.7-5 "Real estate transaction"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-5.md)
- [Ind. Code § 27-7-3.7-6 Funds received in escrow transaction to be deposited in escrow account; exception](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-6.md)
- [Ind. Code § 27-7-3.7-7 Disbursements; requirements for funds of at least $10,000 received from single party](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-7.md)
- [Ind. Code § 27-7-3.7-8 Disbursements; requirements for funds less than $10,000 received from single party](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-8.md)
- [Ind. Code § 27-7-3.7-9 Mortgage holder's right to receive proceeds from real estate transaction through funds electronically transferred to specified account](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-9.md)
- [Ind. Code § 27-7-3.7-10 Advance of fees from escrow account to pay incidental fees](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A7_C3.7_S27-7-3.7-8. Check the current official text before relying on it. Not legal advice.