This bill amends the existing landlord-tenant law in Michigan by adding a new section that requires landlords to offer tenants the option to have their positive rental payment information reported to consumer reporting agencies. The bill specifies that this offer must be made at the time of signing a lease for new agreements and at least once annually for existing agreements. Landlords can communicate this offer via first-class mail or email and must include specific information such as the optional nature of the reporting, a list of reporting agencies, any associated fees, and instructions for opting in or out of the reporting service.

Additionally, the bill outlines the conditions under which tenants can elect to have their rental payment information reported, including the ability to stop reporting and the implications of failing to pay any associated fees. It clarifies that nonpayment of these fees cannot be used as grounds for terminating a tenancy or deducted from a security deposit. The bill also establishes certain exemptions for smaller landlords and assisted housing developments, and it defines key terms related to consumer reporting agencies and positive rental payment information.

Statutes affected:
Senate Introduced Bill: 554.601, 554.616