Legislation Details

Reference No. CB-006-2023    Draft No.
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 2/28/2023
Introduced Date 2/7/2023 Public Hearing Date 02/28/2023 @ 10:00 AM
Effective date: 4/17/2023    
Title: AN ACT CONCERNING LANDLORD REPORTING OF TENANT’S RENTAL PAYMENTS TO MAJOR CREDIT BUREAUS for the purpose of creating a pilot program that will require landlords with a certain amount of dwelling units to give their tenants the option of having their rental payments reported by a third-party service, or the landlord, or otherwise to at least one of the three major credit bureaus; providing for the reporting of timely payments; providing for a certain fee; providing for failure to pay a certain fee; providing for a tenant’s right to terminate rent reporting; and generally related to tenants’ consumer credit rights.
Proposers/Sponsors: Edward P. Burroughs, Krystal Oriadha, Wala Blegay, Thomas E. Dernoga, Jolene Ivey, Eric C. Olson
Attachments: 1. CB-006-2023 - signed, 2. CB-006-2023 AIS, 3. CB-006-2023 Summary, 4. CB-006-2023 Report, 5. CB-006-2023 PAFI Statement, 6. CB-006-2023 OOL Comment, 7. CB-006-2023 OOL Comment DR 2
Contact: Monica Best-James, Legislative Officer

Title

AN ACT CONCERNING LANDLORD REPORTING OF TENANT’S RENTAL PAYMENTS TO MAJOR CREDIT BUREAUS for the purpose of creating a pilot program that will require landlords with a certain amount of dwelling units to give their tenants the option of having their rental payments reported by a third-party service, or the landlord, or otherwise to at least one of the three major credit bureaus; providing for the reporting of timely payments;  providing for a certain fee; providing for failure to pay a certain fee; providing for a tenant’s right to terminate rent reporting; and generally related to tenants’ consumer credit rights.

 

Background

This legislation creates a pilot program that will require landlords with a certain number of dwelling units to provide their tenants with the option of having their rental payments reported to at least one nationwide consumer reporting agency. It defines when the rent reporting pilot program will begin; what qualifying tenants must do to participate in the pilot program (which includes paying a small fee to have the rent payments reported); and what procedures Landlords must follow to properly administer the pilot program. The legislation also defines the rights of tenants that participate in the pilot rent reporting program and that it will expire in five years from the starting date.