Indiana Code Title 24. Trade Regulation § 24-9-4-9

(1) the creditor is presented with a signed and dated completion certificate showing that the home improvements have been completed;  and

(2) the instrument is payable to the borrower or jointly to the borrower and the contractor or, at the election of the borrower, through a third party escrow agent under a written agreement signed by the borrower, the creditor, and the contractor before the disbursement.