The short answer

Utah requires commercial financing providers to register annually with the Department of Financial Institutions and to disclose total cost and payment terms, but not an annualised rate.

Checked 30 August 2026. This is a summary of what the rules are, not legal advice on what to do about them — and secondary sources disagree on several of these effective dates, usually because a statute’s own effective date and the date compliance is actually required are different. Confirm against the statute.

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