On this page
| Disclosure law | Yes |
|---|---|
| Broker registration | Yes |
| State calling statute | Federal only |
The first registration regime in the country, effective January 2023, and deliberately the lightest touch of the ten. Utah asks who you are and what the deal costs in dollars, and stops there.
The disclosure requirement
| Statute | Commercial Financing Registration and Disclosure Act |
|---|---|
| In force | 1 January 2023 |
| Reaches | Transactions above $1 million are exempt |
| Must contain | Total funds provided, total funds disbursed, total amount to be paid, the total dollar cost, payment amounts and frequency, and any prepayment charge. |
| Annualised rate | Explicitly not required. Utah chose a dollar-cost disclosure over an annualised one. |
Registration and licensing
Annual registration with the Utah Department of Financial Institutions for providers doing business with Utah merchants. Utah got there first, in January 2023.
Calling into Utah
Federal TCPA. No mini-TCPA with a private right of action for autodialled business calls.
What changes for a broker
- Utah is the cheapest of the ten regimes to comply with, which is genuinely why some funders started here.
- The absence of an APR requirement is a deliberate policy position, not an oversight — Utah legislated against annualising a product with no fixed term.
- Registration is annual, not one-off. It lapses.
What Utah files look like
Small but unusually healthy. High business formation, strong construction and outdoor recreation sectors, a substantial technology services base along the Wasatch Front, and lower default rates than the national picture. Files tend to be cleaner than average.
Questions
Does Utah regulate merchant cash advances?
Yes. Commercial Financing Registration and Disclosure Act applies to transactions above $1 million are exempt. Total funds provided, total funds disbursed, total amount to be paid, the total dollar cost, payment amounts and frequency, and any prepayment charge.
Do I need to register to broker MCAs in Utah?
Annual registration with the Utah Department of Financial Institutions for providers doing business with Utah merchants. Utah got there first, in January 2023.
Can I cold call businesses in Utah?
Federal TCPA. No mini-TCPA with a private right of action for autodialled business calls.
Whichever state you are dialling, what protects you is the consent record rather than an assurance from a vendor. That is covered in the compliance guide.
Do you sell MCA leads in Utah?
Yes. Every lead clears the same six minimums wherever the merchant is — $30K+ monthly revenue, $15K+ requested, six months trading, four months of statements available, U.S.-based, and mobile-verified by a 6-digit code. $60 per lead, in packs starting at 50. We can filter your leads by state, which is a real risk control in Utah if you are concerned about the calling rules.