Utah Code Title 7. Financial Institutions Act § 7-1-102. Legislative findings, purpose, and intent

(a) supervise, regulate, and examine persons, firms, corporations, associations, and other business entities furnishing depository, lending, and associated financial services in this state;

(b) protect the interests of shareholders, members, depositors, and other customers of financial institutions operating in this state;

(c) preserve the competitive equality of state chartered institutions as compared to federally chartered institutions, and of Utah depository institutions as compared to out-of-state and foreign depository institutions;

(d) promote the availability, efficiency, and profitability of financial services in the communities of this state;

(e) preserve the advantages of the dual banking system;

(f) cooperate with federal regulators and regulators from other states in regulating financial institutions, in improving the quality of regulation, and in promoting the interests of this state in interstate matters; and

(g) provide to the Commissioner of Financial Institutions sufficient powers and responsibilities to carry out these purposes.