Critical RiskIn Effect
AI Compliance for 🏦 Finance & Banking Businesses in Utah
Finance & Banking companies in Utah face specific AI requirements under SB 149 — AI Policy Act. Fair lending laws plus state AI requirements. AI credit decisions need documented bias testing.
Law
SB 149 — AI Policy Act
Deadline
May 1, 2024
Penalty
Up to $2,500 per violation
Sector Risk
Very High
What Finance & Banking businesses in Utah must do
Generative AI must disclose AI nature when asked. First comprehensive state AI law in US.
Fair lending laws plus state AI requirements. AI credit decisions need documented bias testing.
Is your Finance & Banking business in Utah compliant?
Free 2-minute assessment. Pre-filled for Utah Finance & Banking. No account needed.
Start Free Assessment →Free overview · $49 detailed PDF kit · Not legal advice