IC 27-7-3.7-10: Advance of fees from escrow account to pay incidental fees

Sec. 10. A closing agent may advance an amount not to exceed five hundred dollars ($500) from an escrow account on behalf of a party to an escrow transaction for the purpose of paying incidental fees, including conveyance and recording fees. Incidental fees may be paid in order to:

(1) effect and close the sale of;

(2) purchase;

(3) exchange;

(4) transfer;

(5) encumber; or

(6) lease;

real property that is the subject of the escrow transaction.