This bill introduces a new section to RSA 359-B, allowing tenants the option to have their rental payment information reported to nationwide consumer reporting agencies. Landlords are required to offer this option at the time of lease agreements and at least once annually thereafter. The offer must include a written election that outlines the optional nature of reporting, the consumer reporting agencies involved, the implications of reporting all rental payments (including late or missed payments), any associated fees, and instructions for opting in or out of the reporting. Additionally, landlords must provide a self-addressed, stamped envelope for tenants to return their written election.

The bill also stipulates that landlords may charge a fee for this service, capped at the lesser of the actual cost or $10 per month, and that nonpayment of this fee cannot be grounds for terminating the tenancy or deducting from the security deposit. If a tenant fails to pay the fee for 30 days, the landlord may cease reporting rental payments, and the tenant cannot elect for reporting again for six months. Importantly, the bill clarifies that tenants retain their rights under New Hampshire law, including the right to withhold rent under certain conditions, and it exempts landlords with 14 or fewer dwelling units unless they meet specific criteria. The act is set to take effect on January 1, 2026.