Please be advised, effective July 1, 2009, HEA 1374 (enacting Indiana Code 27-7-3.7) requires Good Funds for real estate transactions.
Funds received from any party to the transaction in an amount of $10,000 or more MUST be in the form of an irrevocable wire transfer. Funds received from any
party in an amount less than $10,000 MAY be in the form of irrevocable wire transfer, cashier’s check, certified check, check drawn on the escrow account of
another closing agent, or check drawn on the trust account of a licensed real estate broker.
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