IA SF2106

Prohibits landlords controlling 5+ residential rental properties from engaging in price fixing agreements with other landlords to set, stabilize, raise, or maintain rent levels

Bans use of algorithmic rent-setting systems (software, AI, machine learning) that rely on nonpublic competitor data to coordinate pricing across multiple landlords without independent human review

Holds providers of algorithmic rent-setting systems liable if they supply tools that use nonpublic competitor data to fix prices or knowingly facilitate price fixing among landlords

Authorizes enforcement by the attorney general, county attorneys, or city attorneys with penalties up to $5,000 per rental unit per month for each month a violation continues

Allows harmed tenants to bring private civil actions seeking actual damages, treble damages if violation is willful, and reasonable attorney fees and costs