Maryland HB1399 regulates consumer reporting agencies using algorithmic systems, requiring transparency, accuracy, and human oversight.

Maryland HB1399 mandates consumer reporting agencies using algorithmic systems to maintain a public registry of their algorithms, detailing their purpose, data sources, and methodology. It requires these agencies to achieve specific accuracy and bias thresholds, including an overall error rate of less than 0.5% and discriminatory data rates below 0.1%. The bill also mandates that at least 10% of algorithmic evaluations undergo random human review to prevent false positives.

Maryland HB1399 regulates consumer reporting agencies using algorithmic systems, requiring transparency, accuracy, and human oversight.

Maryland HB1399 mandates consumer reporting agencies using algorithmic systems to maintain a public registry of their algorithms, detailing their purpose, data sources, and methodology. It requires these agencies to achieve specific accuracy and bias thresholds, including an overall error rate of less than 0.5% and discriminatory data rates below 0.1%. The bill also mandates that at least 10% of algorithmic evaluations undergo random human review to prevent false positives.