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NY A04991
Bill
Status
2/10/2025
Primary Sponsor
Rodneyse Bichotte Hermelyn
Click for details
AI Summary
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Prohibits landlords from using algorithmic devices that rely on nonpublic competitor data to set or adjust residential rent amounts
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Defines prohibited "nonpublic competitor data" as non-public information including actual rent prices, occupancy rates, and lease dates from competing landlords, whether anonymized or not
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Exempts monthly or less frequent trade association reports with aggregated anonymous data, and tools used to comply with government affordable housing program guidelines
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Classifies violations as deceptive acts or practices under General Business Law Article 22-A, subjecting violators to all associated penalties and remedies
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Takes effect 90 days after becoming law and applies to rental agreements executed on or after the effective date
Legislative Description
Prohibits the use of an algorithmic device by a landlord for the purpose of determining the amount of rent to charge a residential tenant; declares that such use is an unfair or deceptive trade practice.
Last Action
referred to housing
1/7/2026