New York A02729 mandates landlords to inform tenants about the option to report their rental payments to credit agencies.

New York A02729 requires landlords to notify tenants about the option to report their positive rental payments to consumer reporting agencies. This notice must occur at the time of lease agreement and annually thereafter. The notice must include details about the reporting option, the agencies involved, and the tenant's rights under the Fair Credit Reporting Act. Tenants can opt-in to this reporting, but if they choose to opt-out, they cannot re-opt-in for six months.

New York A02729 mandates landlords to inform tenants about the option to report their rental payments to credit agencies.

New York A02729 requires landlords to notify tenants about the option to report their positive rental payments to consumer reporting agencies. This notice must occur at the time of lease agreement and annually thereafter. The notice must include details about the reporting option, the agencies involved, and the tenant's rights under the Fair Credit Reporting Act. Tenants can opt-in to this reporting, but if they choose to opt-out, they cannot re-opt-in for six months.