End Junk Fees for Renters Act prohibits certain fees for tenants of federally backed multifamily properties.
The End Junk Fees for Renters Act prohibits owners of covered dwelling units from assessing or collecting application fees, tenant screening fees, and late fees. It defines a "junk fee" and requires regulators to prohibit these fees for tenants of federally backed multifamily properties. Owners must disclose total monthly dues, past litigation, pest and maintenance issues, and rent increases. The Federal Trade Commission and Bureau of Consumer Financial Protection must issue rules within 180 days.
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