HB 2323 – Requiring landlords to report on-time rent payments to consumer reporting agencies

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DEAD – Requiring landlords to report on-time rent payments to consumer reporting agencies

Sponsors: PetersonReedRamelMorganBatemanDavisSimmonsPolletMacri

Status: Housing

Summary

  • Would require landlord to report tenants rental payments to a National CRA if requested by a tenant
  • Would require landlord to send notices to Tenant notifying of this option.
  • Would not require reporting of late or missed rental payments
  • A Tenant could choose to opt out at any time before a late or missed payment for Example
  • A late or missed payment, the Landlord is to assume the tenant is opting out of the reporting requirement
  • Bill appears to only favor the tenant and undermines the reason for even reporting to a CRA in the first place.

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