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State of Utah
Administrative Rule Analysis
Revised May 2023
NOTICE OF PROPOSED RULE
TYPE OF FILING: Amendment
Title No. Rule No. Section No.
Rule or Section Number:R59019011Filing ID: Office Use
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What is standards for prompt fair?
Standards for prompt fair refer to regulations and guidelines established to ensure that payment processing and financial transactions are completed in a timely and fair manner.
Who is required to file standards for prompt fair?
Businesses and financial institutions that engage in payment processing and related activities are typically required to file standards for prompt fair.
How to fill out standards for prompt fair?
To fill out standards for prompt fair, entities must complete the designated forms provided by the regulatory body, ensuring that all required information is accurate and submitted by the deadline.
What is the purpose of standards for prompt fair?
The purpose of standards for prompt fair is to promote efficiency and transparency in financial transactions, ensuring that consumers are treated fairly and that payments are processed without undue delay.
What information must be reported on standards for prompt fair?
Information that must be reported includes transaction details, processing times, fees, and any complaints or issues related to payment delays.
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