Colorado HB1196 requires landlords to offer tenants the option to report rent payments to credit agencies.

Colorado HB1196 mandates that landlords responsible for five or more units or receiving state housing subsidies must offer tenants the option to report their rent payments to consumer reporting agencies. Landlords cannot charge tenants for this service or raise rent prices to cover the cost. Tenants can opt out at any time. If a tenant opts out, the landlord must offer the option again when renewing the lease. Before seeking tenant information, landlords must provide a written notice detailing the data they will access and the criteria for denying a tenant's application.

Colorado HB1196 requires landlords to offer tenants the option to report rent payments to credit agencies.

Colorado HB1196 mandates that landlords responsible for five or more units or receiving state housing subsidies must offer tenants the option to report their rent payments to consumer reporting agencies. Landlords cannot charge tenants for this service or raise rent prices to cover the cost. Tenants can opt out at any time. If a tenant opts out, the landlord must offer the option again when renewing the lease. Before seeking tenant information, landlords must provide a written notice detailing the data they will access and the criteria for denying a tenant's application.