SB 924: Tenancy: credit reporting: lower income households.

Existing law requires a landlord of an assisted housing development, as defined, to offer tenants obligated on the lease of units in the development the option of having their rental payments reported to at least one consumer reporting agency through a written election of rent reporting, as specified. Existing law authorizes a landlord to charge a tenant that elects to have rent reported the lesser of $10 per month or the actual cost to the landlord to provide the service, as specified. Existing law requires the Department of Financial Protection and Innovation to select an independent evaluator and requires the evaluator to report annually on the impact of these provisions, as specified. Existing law repeals these provisions on January 1, 2025.

This bill would permit a landlord, upon the agreement of the tenant, to provide the offer of rent reporting to the tenant by first-class United States mail or email. The bill would delete the provisions described above that require the selection of an independent evaluator to report on the impact of rental payment reporting. The bill would also delete the January 1, 2025, repeal date thereby extending the duration of these provisions indefinitely.