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Utah AI Laws for Small Business (11-50) in Finance & Banking
Designate someone for AI compliance. Start formal risk documentation now. Many states have lower thresholds.
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Maximum penalty: Up to $2,500 per violation
Applies to small business (11-50) 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 small business (11-50) compliance guide for finance & banking businesses in Utah.
$200 → $49 launch price · Coming soon