Texas HB2491 prohibits the use of certain algorithmic devices in setting residential rental prices and restricts the use of nonpublic competitor data.

Texas HB2491 amends the Business & Commerce Code to introduce new regulations on the use of algorithmic devices in determining residential rental prices. The bill prohibits the sale of algorithmic device services or products for setting or recommending rent prices. It also restricts the use of nonpublic competitor data in algorithmic calculations for advising landlords on potential rental prices. These restrictions do not apply if the nonpublic data is also made available to the public in an aggregated and anonymous manner. The act takes effect on September 1, 2025.

Texas HB2491 prohibits the use of certain algorithmic devices in setting residential rental prices and restricts the use of nonpublic competitor data.

Texas HB2491 amends the Business & Commerce Code to introduce new regulations on the use of algorithmic devices in determining residential rental prices. The bill prohibits the sale of algorithmic device services or products for setting or recommending rent prices. It also restricts the use of nonpublic competitor data in algorithmic calculations for advising landlords on potential rental prices. These restrictions do not apply if the nonpublic data is also made available to the public in an aggregated and anonymous manner. The act takes effect on September 1, 2025.