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Virginia 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 $10,000 per violation
Applies to small business (11-50) in finance & banking
Applicable law: HB 2154 — High-Risk AI Act
High-risk AI developers must provide documentation, bias testing, and consumer appeal rights.
Fair lending laws plus state AI requirements. AI credit decisions need documented bias testing.
Deadline: July 1, 2026Penalty: Up to $10,000 per violationStatus: Enacted
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 Virginia.
$200 → $49 launch price · Coming soon