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Utah AI Laws for Mid-Market (51-250) in Finance & Banking
You likely need a dedicated compliance officer. Formal impact assessments and bias audits may be required.
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Maximum penalty: Up to $2,500 per violation
Applies to mid-market (51-250) in finance & banking
Applicable law: SB 149 — AI Policy Act
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.
Deadline: May 1, 2024Penalty: Up to $2,500 per violationStatus: In Effect
Other company sizes
Compare the cost
How much does AI compliance cost?
Lawyer
$200-500
per hour
Enterprise tool
$10K+
per year
Our kit
$49
one-time
Get the mid-market (51-250) compliance guide for finance & banking businesses in Utah.
$200 → $49 launch price · Coming soon