(1) Only an escrow agent or a title insurer in compliance with Subsection 31A-4-107(1)(a) and Section 31A-14-211 shall conduct escrow.
(2) Subsection (1) does not limit or expand the authority granted to:
(a) a person defined as an escrow agent in Section 7-22-101;
(b) a person licensed to practice law in Utah, if that person meets the requirements of Section 31A-23a-204;
(c) a person licensed under Title 61, Chapter 2f, Real Estate Licensing and Practices Act; or
(d) a person licensed under Title 58, Chapter 55, Utah Construction Trades Licensing Act.