A2299

New Jersey A2299 prohibits landlords from using or selling algorithmic devices for setting rent prices or occupancy rates of residential units.

New Jersey A2299 prohibits the use and sale of algorithmic devices for setting rent prices or occupancy rates of residential units. These devices, often software programs, enable landlords to share non-public data to artificially inflate rents and vacancy rates. The bill defines "algorithmic devices" and "non-public competitor data" under the "New Jersey Antitrust Act." It allows the Attorney General to file civil actions for violations, seeking damages, injunctive relief, restitution, penalties, and attorney's fees.