Loading chat...
CA AB2747
Bill
Status
9/19/2024
Primary Sponsor
Matt Haney
Click for details
AI Summary
-
Requires landlords of residential dwelling units to offer tenants the option of having positive rental payment information reported to nationwide consumer reporting agencies.
-
For leases entered into on or after April 1, 2025, the offer must be made at lease signing and at least annually thereafter; for existing leases as of January 1, 2025, the offer must be made by April 1, 2025, and annually thereafter.
-
Permits landlords to charge tenants who elect reporting a fee not to exceed the lesser of $10 per month or the actual cost to provide the service, with no fee if the landlord incurs no actual cost.
-
Prohibits landlords from terminating tenancy, deducting unpaid fees from security deposits, or reporting fee non-payment to consumer agencies; allows landlords to stop reporting after 30 days of unpaid fees, during which tenants cannot re-elect reporting for 6 months.
-
Exempts landlords of 15 or fewer residential units unless they own multiple buildings and are a real estate investment trust, corporation, or LLC with a corporate member; also exempts assisted housing developments.
Legislative Description
Tenancy: credit reporting.
Last Action
Chaptered by Secretary of State - Chapter 279, Statutes of 2024.
9/19/2024