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35-43-9-7. Violations

IN Code § 35-43-9-7 (2019) (N/A)
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Sec. 7. (a) An officer, a director, or an employee of a title insurer, an individual associated with the title insurer as an independent contractor, or a title insurance agent who knowingly or intentionally:

(1) converts or misappropriates money received or held in a title insurance escrow account; or

(2) receives or conspires to receive money described in subdivision (1);

commits a Level 6 felony, except as provided in subsection (b).

(b) The offense is:

(1) a Level 5 felony if the amount of money:

(A) converted, misappropriated, or received; or

(B) for which there is a conspiracy;

is more than ten thousand dollars ($10,000) but less than one hundred thousand dollars ($100,000); and

(2) a Level 4 felony if the amount of money:

(A) converted, misappropriated, or received; or

(B) for which there is a conspiracy;

is at least one hundred thousand dollars ($100,000).

As added by P.L.300-1995, SEC.2. Amended by P.L.158-2013, SEC.493.

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