Maryland HB1475 prohibits dynamic pricing and rent-setting based on algorithmic recommendations.

Maryland HB1475 aims to protect consumers by prohibiting the use of algorithms to set dynamic pricing for consumer goods and services. It also bans residential rental property owners or managers from setting or adjusting rental prices and lease terms based on recommendations from software, data analytics services, or algorithmic devices. These practices are considered unfair, abusive, or deceptive trade practices under the Maryland Consumer Protection Act. The bill also requires merchants to include clear and conspicuous disclosure statements when using personalized algorithmic pricing.

Maryland HB1475 prohibits dynamic pricing and rent-setting based on algorithmic recommendations.

Maryland HB1475 aims to protect consumers by prohibiting the use of algorithms to set dynamic pricing for consumer goods and services. It also bans residential rental property owners or managers from setting or adjusting rental prices and lease terms based on recommendations from software, data analytics services, or algorithmic devices. These practices are considered unfair, abusive, or deceptive trade practices under the Maryland Consumer Protection Act. The bill also requires merchants to include clear and conspicuous disclosure statements when using personalized algorithmic pricing.