Ind. Code § 27-7-3.7-5
"Real estate transaction"
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-7-3.7-5, "Real estate transaction", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663512
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Full text
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.