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Prohibits the use of an algorithmic device by a landlord for the purpose of determining the amount of rent to charge a residential tenant; declares that such use is an unfair or deceptive trade practice.
This bill prohibits landlords from using algorithmic devices to set residential rent amounts, declaring such use as an unfair or deceptive trade practice.
If you are a landlord in New York, you must stop using algorithmic devices for rent determination by the effective date or face penalties.
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Affected Industries
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What This Means
The proposed legislation in New York seeks to prohibit landlords from employing algorithmic devices to determine rent amounts for residential tenants, declaring it an unfair or deceptive trade practice.
Key Provisions
- Prohibits landlords from using algorithmic devices to set residential rent amounts, declaring it an unfair or deceptive trade practice.
Latest Legislative Action
referred to housing
Bill Sponsors (showing 5 of 12)
| Name | Role |
|---|---|
| GIGLIO | Primary |
| Harvey Epstein | Primary |
| PAULIN | Primary |
| Rodneyse Bichotte Hermelyn D | Primary |
| TITUS | Primary |
Compliance Checklist
Who: Landlords
Deadline: By the effective date of the law
Penalty: Subject to penalties under General Business Law
Related & Companion Bills
Full Legal Analysis
Official Source
Related Topics
Affected Industries
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