The proposed bill, titled "Rent Reporting," establishes new regulations regarding the reporting of tenant rent payment histories to credit reporting agencies in Florida. It defines key terms such as "credit reporting agency" and "rent reporting service," and authorizes landlords to report a tenant's rent payment history under specific conditions. Landlords must obtain written consent from tenants to participate in rent reporting, which must include information about the potential benefits and risks, including the possibility of negative reporting for late payments. Tenants have the right to opt out of rent reporting at any time without penalty, and landlords are required to provide at least 30 days' written notice before starting or stopping rent reporting.

Additionally, the bill outlines the fees landlords may charge for rent reporting services, capping them at $10 per month or the actual cost incurred. It prohibits landlords from taking retaliatory actions against tenants who refuse or opt out of rent reporting and specifies that tenants who opt out or fail to pay the associated fee cannot rejoin the rent reporting program for at least six months. The bill does not apply to landlords of residential buildings with 15 or fewer units unless they own multiple properties and meet certain corporate criteria. The act is set to take effect on July 1, 2026.