This is a plain-English summary for business owners, not legal advice. Laws and regulations change. Check the statute and the regulator's guidance, or ask an attorney, before relying on it.
At a glance
| Law | Commercial Financing Registration and Disclosure Act |
|---|---|
| Citation | Utah Code Title 7, Chapter 27 |
| Applies from | January 1, 2023 |
| Deal size covered | $1,000,000 or less |
| Products covered | Commercial-purpose loans, open-end credit and accounts-receivable purchase transactions, including sales-based financing |
| Estimated APR required | No |
| Registration | Providers must register with the Utah Department of Financial Institutions and renew annually. |
| Regulator | Department of Financial Institutions (DFI) |
Key points
- Transactions over $1,000,000 are excluded from the Act entirely.
- Utah requires cost disclosures but no APR. You can compute one yourself from the disclosed payback, amount received and payment schedule.
What this means when you're comparing offers
Utah's disclosures give you the dollar figures but not an annual rate. That makes it hard to compare offers against a loan quoted with an interest rate, and a short, expensive offer can look cheap if you only see the finance charge.
You can fill the gap yourself. From the disclosure, take the amount disbursed (after fees), the total repayment and the payment schedule, and enter them in our merchant cash advance calculator (for factor-rate offers) or the loan comparison calculator (choose "Total amount to repay"). Both compute an estimated APR by the Regulation Z Appendix J actuarial method.
What a disclosure typically shows
The exact list varies by state and product, but commercial financing disclosures generally cover the total amount of financing, the amount actually disbursed after fees, the finance charge or total cost, the total repayment amount, and the payment amount and frequency. Check the statute cited above for Utah's precise requirements.
If an offer is covered and you weren't given a disclosure, ask for one before signing. If a provider refuses, treat it as a warning sign.
Other states
See all state commercial financing disclosure laws, including which require an APR and how deal-size limits compare.
Sources
- Katten, Utah Becomes Third State to Enact Smaller Commercial Transaction Disclosure Law (accessed 2026-09-26)
- Utah Code Title 7, Chapter 27 (Justia) (accessed 2026-09-26)
- Utah Department of Financial Institutions, Commercial Financing (accessed 2026-09-26)