Indiana Code 35-43-9-5. “Title insurance escrow account”
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Terms Used In Indiana Code 35-43-9-5
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- party: means an individual who is:
Indiana Code 35-43-9-1
Sec. 5. As used in this chapter, “title insurance escrow account” means an account in which written instruments, money, or other items are deposited and held in escrow or trust for disbursement to a party in connection with a residential real property transaction upon the performance of a specified condition or the happening of a certain event.
As added by P.L.300-1995, SEC.2.