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Prohibits the collecting of information of historical or contemporaneous prices, supply levels, or lease or rental contract termination and renewal dates of residential dwelling units from two or more rental property owners for purposes of analyzing or processing of such information using an…
NY S01573: Prohibits collecting information from two or more rental property owners for algorithmic analysis to recommend rental prices, lease terms, or occupancy levels.
If you operate rental properties in New York, you must avoid using algorithms to analyze rental data or face legal penalties.
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Affected Industries
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What This Means
Prohibits collecting information from two or more rental property owners for algorithmic analysis to recommend rental prices, lease terms, or occupancy levels.
Key Provisions
- Prohibits collecting information from two or more rental property owners for algorithmic analysis to recommend rental prices, lease renewal terms, or ideal occupancy levels.
Latest Legislative Action
REFERRED TO JUDICIARY
Bill Sponsors (showing 5 of 14)
| Name | Role |
|---|---|
| AVELLA | Primary |
| FUNKE | Primary |
| Gustavo Rivera D | Primary |
| Liz Krueger D | Primary |
| RIVERA | Primary |
Compliance Checklist
Who: Rental property owners and their agents.
Penalty: Legal penalties enforced by the Attorney General.
Who: Rental property owners.
Penalty: Potential civil action and penalties.
Full Legal Analysis
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Affected Industries
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