This bill mandates that, starting January 1, 2025, landlords in Washington must report on-time rental payments to consumer reporting agencies upon request from current or prospective tenants. The bill introduces new sections to chapters 59.18 and 59.20 of the Revised Code of Washington (RCW), outlining the responsibilities of landlords regarding the reporting of on-time rent payments. Landlords are required to provide written information to tenants about their right to request such reporting, which includes details on the voluntary nature of the request and the landlord's obligation to report only on-time payments, not late or missed ones.

Additionally, the bill specifies the process for tenants to request reporting, including the need for written requests and the conditions under which reporting will commence and cease. It establishes that if a tenant fails to pay rent on time, they are automatically deemed to have withdrawn their request for reporting. The bill also outlines the record-keeping requirements for landlords and the definitions of key terms such as "on-time rental payment" and "rental payment information." Overall, the legislation aims to enhance tenants' credit histories by ensuring that their on-time rental payments are reported, thereby potentially improving their access to credit.