HB5871 prohibits landlords in Illinois from using algorithmic devices with nonpublic competitor data to set residential rent.
If you use algorithmic devices for rent setting, you must stop by the Act's effective date or face legal consequences.
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Affected Industries
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What This Means
The Prohibition of Algorithmics in Rent Act prevents Illinois landlords from using algorithmic devices that incorporate nonpublic competitor data when determining residential rent. Violations are considered unlawful under the Consumer Fraud and Deceptive Business Practices Act.
Key Provisions
- Section 5: Prohibits landlords from using algorithmic devices with nonpublic competitor data for rent setting.
- Section 10: Defines 'algorithmic device' and outlines exceptions for certain reports and affordable housing tools.
- Section 15: Violation constitutes an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act.
Latest Legislative Action
Referred to Rules Committee
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Kevin Olickal D | Sponsor | HD-016 |
Compliance Checklist
Who: Landlords in Illinois
Penalty: Considered an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act.
Related & Companion Bills
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