A notary may not perform a notarial act if the notary:
(1) is a signer of the document that is to be notarized, except for:
(a) a self-proved will as provided in Section 75-2-504; or
(b) a self-proved electronic will as provided in Section 75-2-1408;
(2) is named in the document that is to be notarized except for:
(a) a self-proved will as provided in Section 75-2-504;
(b) a self-proved electronic will as provided in Section 75-2-1408;
(c) a licensed attorney that is listed in the document only as representing a signer or another person named in the document; or
(d) a licensed escrow agent, as defined in Section 31A-1-301, that:
(i) acts as the title insurance producer in signing closing documents; and
(ii) is not named individually in the closing documents as a grantor, grantee, mortgagor, mortgagee, trustor, trustee, vendor, vendee, lessor, lessee, buyer, or seller;
(3) will receive direct compensation from a transaction connected with a financial transaction in which the notary is named individually as a principal; or
(4) will receive direct compensation from a real property transaction in which the notary is named individually as a grantor, grantee, mortgagor, mortgagee, trustor, trustee, beneficiary, vendor, vendee, lessor, lessee, buyer, or seller.