Utah legislation · 2026 General Session
Utah SB298: Programmable Money Amendments
Status: Signed into law, March 19, 2026
This bill modifies the Uniform Commercial Code.
What the bill says
An act or omission by the issuer relating to the programmable money issued by the issuer, including automatic actions caused by computer code, algorithms, or artificial intelligence used by, on behalf of, or in support of the issuer, the issuer's product, and the issuer's affiliates. (3) (a) If an issuer of programmable money denies a transaction, either party to the denied transaction may request a statement of specific reasons for the denial within 90 days of the denial. (b) The affected party may request the statement from a customer service representative or designated account representati.
From the enrolled text, March 11, 2026:
an act or omission by the issuer relating to the programmable money issued by the issuer, including automatic actions caused by computer code, algorithms, or artificial intelligence used by, on behalf of, or in support of the issuer, the issuer's product, and the issuer's affiliates. (3) (a) If an issuer of programmable money denies a transaction, either party to the denied transaction may request a statement of specific reasons for the denial within 90 days of the denial. (b) The affected party may request the statement from a customer service representative or designated account representative by phone, mail, or electronic mail. (c) Unless otherwise prohibited by federal law, the issuer shall transmit the statement of specific reasons by mail and electronic mail, if known to the issuer, within 30 days of receiving the affected party's request. (d) The statement of specific reasons shall include: (i) a detailed explanation of the denial, restriction, or termination of service, including a description of the basis of the programmable money issuer's denial, restriction, or termination of service; (ii) a copy of the terms of service agreed to by the person and the issuer; (iii) a citation to the specific provisions of the terms of service upon which the issuer relied to refuse to provide, restrict, or terminate service; and (iv) a phone number, email …