31A-23a-406.5. Conduct of escrow.
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31A-23a-406.5. Conduct of escrow.
(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 .
Enacted by Chapter 319 , 2013 General Session