Regulates the use of artificial intelligence in aiding decisions on rental housing and loans; requires a study on the impact of artificial.

New York A03930 amends the real property law, general business law, and banking law to regulate the use of artificial intelligence in aiding decisions on rental housing and loans. It mandates that landlords and banks conduct annual disparate impact analyses to assess the impact of automated decision tools on protected groups. Landlords must notify applicants of the use of such tools and allow them to opt out or consent to the use of their personal information. Banks must notify loan applicants of the characteristics used by automated decision tools and the reasons for any denials.

Regulates the use of artificial intelligence in aiding decisions on rental housing and loans; requires a study on the impact of artificial.

New York A03930 amends the real property law, general business law, and banking law to regulate the use of artificial intelligence in aiding decisions on rental housing and loans. It mandates that landlords and banks conduct annual disparate impact analyses to assess the impact of automated decision tools on protected groups. Landlords must notify applicants of the use of such tools and allow them to opt out or consent to the use of their personal information. Banks must notify loan applicants of the characteristics used by automated decision tools and the reasons for any denials.