AI used for credit scoring, loan approval, insurance pricing, or financial risk assessment. Here is what Pennsylvania businesses need to know in 2026.
Pennsylvania does not yet have a specific law for this use case, but HB 1307 — AI Disclosure Act. AI-generated content disclosure required for political advertising and consumer communications.
State law does not replace federal law — you must comply with both. These federal rules apply to ai in finance nationwide:
Pennsylvania's HB 1307 — AI Disclosure Act applies to most businesses with limited exemptions. Even businesses with under 50 employees should review requirements. Always review the specific statute for employee count and revenue thresholds.
The key deadline in Pennsylvania is TBD. The law is still developing — monitor for final rules.
Pennsylvania penalties for AI non-compliance: TBD. Enforcement is active. The state AG has authority to investigate and fine without prior warning.
Federal law does not currently preempt state AI laws. Pennsylvania's HB 1307 — AI Disclosure Act applies independently of federal rules. Federal laws like ECOA, FCRA, and HIPAA also apply alongside state law — so you must comply with both.
Best practice: document all AI systems used, conduct an internal audit, implement required disclosures, and keep records for at least 3 years. For very high-risk uses like ai in finance, consider hiring an independent third-party auditor to validate compliance.
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