1. (1) As used in this section:

   1. (a) "Financial institution" means the same as that term is defined in Section 7-1-103.
   2. (b) "Social credit score" means the same as that term is defined in Section 63G-29-101.

2. (2) The division shall:

   1. (a) establish and operate a system to receive consumer reports regarding a financial institution's or company's use or creation of a social credit score; and
   2. (b) before November 1 of each year, submit a written report to the Business and Labor Interim Committee that summarizes the reports received during the immediately preceding year that indicate a financial institution or company used a social credit score to discriminate against, advocate for, or cause adverse or preferential treatment of a person.

3. (3) The division may:

   1. (a) make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, to establish and operate the system described in Subsection (2); and
   2. (b) as appropriate, refer a consumer who provides a report through the system described in Subsection (2) to the Department of Financial Institutions or another agency for investigation of the report or other action.

Renumbered and Amended by Chapter 95, 2026 General Session