Utah Commercial Financing Law

At a glance

• Status: Law enacted

• Signed: Mar 24, 2022

• Effective: Jan 1, 2023

• Who it covers: Broad — commercial loans, accounts receivable purchases, sales-based financing

• Size cap: $1,000,000 or less

• Regulator: UT Dept. of Financial Institutions

Type of rules: Registration · Broad coverage · Broker rules

Key requirements

• One of the first states to pair disclosures with a provider registration requirement (via NMLS).

• Requires total-cost disclosures — funds provided, funds disbursed, total payments, total dollar cost, payment schedule, prepayment terms.

• Providers must also disclose the amount of any compensation paid to a broker on the deal — a direct look into ISO commissions.

• No APR disclosure required, unlike CA and NY.

What to watch

De minimis exemption applies for providers making five or fewer Utah commercial financings per calendar year; deals over $1M are exempt.

Compare every state

Open the Commercial Financing Regulation Tracker map to compare all state laws side by side.

Search the Commercial Registration Database (members) to check who is registered.

Other states with laws: California · New York · Virginia · Georgia · Florida · Connecticut · Kansas · Missouri · Louisiana · Texas · Vermont · North Dakota

States with pending bills: New Jersey · Illinois · Maryland · North Carolina · Pennsylvania

Last verified October 2026. Compiled and verified by Funder Intel for general industry information. This is not legal advice. Laws change often, so check the statute and a qualified attorney before making compliance decisions.