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Indiana Code Title 27. Insurance § 27-7-3.7-5

Current as of January 02, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-7-3.7-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-7-3-7-5/

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