Michigan SB0795 amends the landlord-tenant law to require landlords to offer tenants the option to report their rental payment history to credit.
Michigan SB0795 amends the landlord-tenant law by adding a provision that requires landlords to offer tenants the option to report their positive rental payment information to consumer reporting agencies. This offer must be made at the time the lease agreement is signed and annually thereafter. The offer must include details such as the optional nature of the reporting, the list of consumer reporting agencies, the amount of any fee charged, and instructions on how to opt in or out. Tenants can opt into reporting at any time but cannot resume reporting for six months after opting out.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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