NY A02729

Requires landlords to offer tenants the option to have their rental payment history reported to at least one nationwide consumer reporting agency, with tenant written authorization required

Landlords must provide notice of the rent reporting option at lease signing, annually thereafter, and at lease renewal, including details on which payments (timely, late, or missed) will be reported

Landlords may charge tenants a fee for rent reporting not exceeding the lesser of actual cost or $5 per month; nonpayment of this fee cannot result in eviction or security deposit deduction

Tenants can opt into rent reporting at any time and can opt out with written request, but must wait at least six months before re-enrolling after opting out

Authorized rent deductions or withholdings (such as for repairs) cannot be reported as late payments, protecting tenants exercising legal remedies against landlords