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AI Summary
HB2490 prohibits the use of algorithmic devices using nonpublic competitor data for coordinating rental pricing in Arizona.
Business Impact
If you use AI for rental pricing, you must comply with HB2490 or face legal action.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
Arizona's HB2490 aims to prevent rental price fixing by prohibiting the use of algorithmic devices that utilize nonpublic competitor data to coordinate rental pricing and terms. It applies to landlords with five or more rental units and coordinators selling algorithmic devices.
Key Provisions
- 44-1383: Definitions of key terms such as 'algorithm' and 'coordinator'.
- 44-1383.01(A): Prohibition on using algorithmic devices for coordinating rental pricing.
- 44-1383.01(B): Rebuttable presumption of conspiracy for violations.
- 44-1383.01(D): Enforcement by the Attorney General.
- 44-1383.01(F): Applicability to landlords with five or more units.
Latest Legislative Action
House read second time
Bill Sponsors (showing 5 of 16)
| Name | Role |
|---|---|
| Alma Hernandez | Primary |
| Charlene R. Fernandez | Primary |
| César Chávez | Primary |
| Justin Wilmeth R | Primary |
| Kelly Townsend | Primary |
Compliance Checklist
Cease use of algorithmic devices for pricing based on competitor data
Who: Landlords with five or more rental units
Penalty: Potential legal action for conspiracy to restrain trade
Who: Landlords with five or more rental units
Penalty: Potential legal action for conspiracy to restrain trade
Review pricing strategies to ensure compliance with new regulations
Who: Landlords and coordinators
Penalty: Legal penalties for non-compliance
Who: Landlords and coordinators
Penalty: Legal penalties for non-compliance
Full Legal Analysis
HB2490, introduced in Arizona, seeks to regulate the use of algorithmic devices in the rental market to prevent price fixing. The bill amends Title 44, Chapter 9 of the Arizona Revised Statutes by adding Article 27, which outlines definitions and prohibitions related to algorithmic pricing. Specifically, it prohibits landlords and coordinators from using algorithmic devices that process nonpublic competitor data to perform coordinating functions such as setting rental prices or renewal terms. A violation creates a rebuttable presumption of a conspiracy to restrain trade. The bill empowers the Attorney General to investigate and enforce these provisions. It applies to landlords with five or more rental units and coordinators who sell or license algorithmic devices. Exceptions include government-sponsored housing programs and small landlords with fewer than five units.
Official Source
Official Bill Text
View HB2490 on official legislature website →
Related Topics
Affected Industries
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