HI HB2611

Prohibits "coordinators" from using algorithmic software that collects rental pricing data from multiple landlords, processes it through computational systems, and recommends rental prices, lease terms, or occupancy levels to property owners.

Makes it unlawful for two or more rental property owners to engage in "consciously parallel pricing coordination" or tacit agreements to manipulate rental prices through shared algorithmic tools.

Cites a 2024 White House study estimating algorithmic rent coordination cost U.S. renters $3.8 billion in 2023, averaging $70 per month in affected units, with over $100 monthly in six major metro areas.

Establishes penalties of up to $100,000 and/or three years imprisonment for individuals, and up to $1,000,000 for corporations or other entities that violate the law.

Requires the Department of the Attorney General to develop a public education program about the prohibition and adopt implementing rules.