Ind. Code § 27-7-3.7-8
Disbursements; requirements for funds less than $10,000 received from single party
As added by P.L.92-2009, SEC.1.
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.