This bill enacts provisions relating to renter credit reporting.
This bill:
- defines terms;
- provides that a public funds recipient shall provide a renter an offer of rent reporting at the time the public funds recipient and renter enter into a rental agreement;
- provides that a public funds recipient shall provide an offer of rent reporting at least once annually;
- provides that a public funds recipient charge a fee for rent reporting that may not exceed the actual cost of the rent reporting;
- provides the consequences for a renter failing to pay the fee for rent reporting;
- provides that a renter may enroll and unenroll in rent reporting at any time during the duration of the rental agreement;
- prohibits a renter from reenrolling in rent reporting for at least six months if the renter fails to pay the fee for rent reporting or the renter unenrolls in rent reporting;
- provides that the provisions this bill enacts apply only to a public funds recipient that owns 50 or more residential rental units; and
- makes technical changes.