Establishes a pilot program to report tenants' rent payment information to consumer reporting agencies at the tenant's request.
The bill creates a rent credit reporting pilot program in Washington. The Department of Financial Institutions will contract with a third party to administer the program, recruiting up to 10 landlords and at least 100 tenants. Landlords must agree to participate for at least 14 months and not charge tenants for participation. The program will report tenants' rent payment information to consumer reporting agencies at the tenants' request. The Department will establish rules for the program, including reimbursement for landlords' expenses. The program will expire on July 1, 2029.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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