CA AB2785

Requires landlords to accept reusable tenant screening reports if applicants have and elect to provide one prepared within the previous 30 days; landlords may only charge an application screening fee if the applicant does not have or elect to provide such a report.

Reduces the application screening fee cap from $50 to $30 per applicant and removes the annual adjustment provision; requires landlords to return fees within 21 days if they do not select the applicant, do not perform screening, or collect excessive fees.

Mandates landlords deposit security deposits into a bank or regulated financial institution account within 30 days; requires interest accrued on security deposits be returned to the tenant minus estimated taxes.

Requires landlords to provide copies of consumer credit reports and relevant applicant information to applicants within 2 business days of obtaining them, including landlord contact information and report completion date.

Requires landlords to include clear provisions in all tenancy application forms notifying applicants of policies regarding reusable tenant screening reports, application screening fees, refunds, and consumer credit report disclosures.