Illinois HB1427 prohibits landlords from using algorithmic devices to set residential rent, except for specific reports and affordable housing.
HB1427, known as the Prohibition of Algorithmics in Rent Act, prohibits landlords from using algorithmic devices to set residential rent. This includes determining any changes in rent for renewed occupancy. The Act defines "algorithmic device" as a tool using algorithms to calculate data, including rent amounts charged by landlords. Exceptions include reports published monthly by trade associations and products used for establishing rent limits in affordable housing programs. Violations of this Act are considered unlawful practices under the Consumer Fraud and Deceptive Business Practices Act.
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