IC 27-7-3.7-5: "Real estate transaction"

Sec. 5. (a) As used in this section, "real estate transaction" refers to any:

(1) escrow transaction;

(2) settlement; or

(3) closing;

conducted in connection with the purchase, sale, or financing of an interest in real estate.

(b) The term does not include a real estate secured loan financing if:

(1) the only parties to the loan transaction are the lender and the borrower; and

(2) the lender is responsible for disbursing all of the funds to the borrower or to a third party in order to pay fees and charges associated with the loan transaction.