Minnesota SF2807 offers tenants a credit reporting option, funds grants for landlords to assist with credit reporting, and allows data collection.

Minnesota SF2807 mandates landlords with units occupied by tenants earning at or below 50% of the area median income to offer tenants the option of having their on-time rent payments reported to credit bureaus. This reporting is voluntary for tenants, and they cannot be charged for this service. The bill also appropriates $500,000 annually for fiscal years 2026 and 2027 to fund grants for landlords to assist with credit reporting.

Minnesota SF2807 offers tenants a credit reporting option, funds grants for landlords to assist with credit reporting, and allows data collection.

Minnesota SF2807 mandates landlords with units occupied by tenants earning at or below 50% of the area median income to offer tenants the option of having their on-time rent payments reported to credit bureaus. This reporting is voluntary for tenants, and they cannot be charged for this service. The bill also appropriates $500,000 annually for fiscal years 2026 and 2027 to fund grants for landlords to assist with credit reporting.