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ME LD733
Bill
Status
5/27/2025
Primary Sponsor
Samuel Zager
Click for details
AI Summary
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Maine State Housing Authority must submit a report by June 30, 2026 to the Joint Standing Committee on Housing and Economic Development on its pilot project for rent payment history reporting to credit agencies
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Pilot project aims to establish or improve credit ratings for low-income residential tenants through voluntary participation by landlords and tenants
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Report must include effectiveness data on collecting and reporting rent payment histories, analysis of credit rating improvements for participating tenants, and recommended legislation to make the program permanent
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Joint Standing Committee on Housing and Economic Development may introduce legislation based on the report to the 133rd Legislature in 2027
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Approved by the Governor on May 29, 2025 as Resolves Chapter 40
Legislative Description
Resolve, to Require the Maine State Housing Authority to Submit a Report on the Pilot Project to Improve Access to Credit for Low-income Individuals
Housing
Last Action
FINALLY PASSED, in concurrence.
5/27/2025