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Regulates the use of artificial intelligence in aiding decisions on rental housing and loans; requires a study on the impact of artificial intelligence and machine learning on housing discrimination and redlining.
Regulates AI in rental housing and loans; mandates a study on AI's impact on housing discrimination and redlining. Analysis based on official description only.
If you use AI for rental housing or loans, you must comply with new regulations or face unspecified consequences.
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Affected Industries
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What This Means
New York Bill A03930 regulates the use of AI in rental housing and loan decisions. It requires a study on AI's impact on housing discrimination and redlining. Analysis is based on the official description, as full bill text is unavailable.
Key Provisions
- Regulation of AI use in rental housing and loans
- Study on AI and machine learning's impact on housing discrimination and redlining
Latest Legislative Action
referred to housing
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Charles Lavine D | Sponsor | HD-013 |
| Christopher Burdick D | Sponsor | HD-093 |
| Linda Rosenthal D | Sponsor | HD-067 |
Compliance Checklist
Who: Landlords and banks using such tools.
Deadline: Annually.
Penalty: Investigation by the attorney general for non-compliance.
Who: Landlords.
Deadline: Prior to implementation of the automated decision tool.
Penalty: Potential legal action by the attorney general.
Who: Landlords and banks.
Deadline: At least 24 hours before use.
Penalty: Legal action for failure to notify.
Who: Landlords.
Deadline: Before sharing any personal data.
Penalty: Tenants may seek damages for violations.
Full Legal Analysis
Official Source
Related Topics
Affected Industries
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