{"data":{"id":"us-in/ic-27-7-3.7-7","jurisdiction":"us-in","citation":"IC 27-7-3.7-7","heading":"Disbursements; requirements for funds of at least $10,000 received from single party","body":"Sec. 7. (a) This section applies to an escrow account that contains funds that:\n(1) are received from any single party to a real estate transaction; and\n(2) in the aggregate are at least ten thousand dollars ($10,000).\n(b) A closing agent may make disbursements from an escrow account described in subsection (a) in connection with a real estate transaction only if both of the following apply:\n(1) All the funds described in subsection (a) are good funds.\n(2) Any funds described in subsection (a) in excess of ten thousand dollars ($10,000) are good funds described in section 4(2) of this chapter.","path":["TITLE 27. INSURANCE","ARTICLE 7. SPECIAL TYPES OF INSURANCE","Chapter 3.7. Escrow Transactions in Real Estate Transactions"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-7-3.7-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"2d6e51daf340d5b237358145396af4e11c45e19026b31973052dc551e8ff9439","source_id":"us-in","stale":false,"prev":"us-in/ic-27-7-3.7-6","next":"us-in/ic-27-7-3.7-8"},"notice":"GroundRules: Original legal text. Not legal advice."}