Iowa SF2106 prohibits landlords from price fixing and using algorithmic systems that coordinate rent setting.

Iowa SF2106, the Iowa Residential Rent Fairness and Anticollusion Act, prohibits landlords from engaging in price fixing with other landlords regarding residential rental property. It also prohibits landlords from using algorithmic systems that rely on nonpublic competitor data or coordinate with other landlords to set or adjust rent or occupancy levels. The bill defines an "algorithmic rent-setting system" as software or tools used to set rent levels based on nonpublic competitor data without human review. Landlords and providers of such systems must retain records for five years.

Iowa SF2106 prohibits landlords from price fixing and using algorithmic systems that coordinate rent setting.

Iowa SF2106, the Iowa Residential Rent Fairness and Anticollusion Act, prohibits landlords from engaging in price fixing with other landlords regarding residential rental property. It also prohibits landlords from using algorithmic systems that rely on nonpublic competitor data or coordinate with other landlords to set or adjust rent or occupancy levels. The bill defines an "algorithmic rent-setting system" as software or tools used to set rent levels based on nonpublic competitor data without human review. Landlords and providers of such systems must retain records for five years.