Requires landlords to offer tenants the option to report positive rental payments to credit agencies.
Requires landlords to offer tenants the option to report positive rental payments to credit agencies. The offer must be made at the time of the lease agreement and annually thereafter. The offer must include a written election form stating that reporting is optional, identifying the credit agencies, and providing instructions on how to opt in or out. The offer must be made by regular first-class mail or email. Tenants can opt out of reporting at any time, but cannot opt back in for six months.
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