Who is primarily responsible for enforcing fair lending laws in the state of Utah?

The primary responsibility for enforcing fair lending laws in the state of Utah lies with the Department of Financial Institutions. This agency oversees various financial entities within the state, including banks and mortgage lenders, and ensures compliance with both state and federal regulations regarding fair lending practices. By doing so, the department helps to promote equitable access to credit and ensures that lending practices are fair, transparent, and free from discriminatory practices.

While other organizations such as the Division of Real Estate and the Consumer Financial Protection Bureau play roles in broader regulatory frameworks and consumer protection, they do not hold the primary enforcement authority over fair lending laws specifically within Utah. The Federal Housing Administration primarily focuses on insuring loans, which is a different aspect of the housing finance system and not directly related to the enforcement of fair lending laws at the state level. Therefore, the Department of Financial Institutions is the correct choice due to its direct involvement in the enforcement and oversight of fair lending policy within Utah.