New York S 10477: Relates to requirements when landlords offer tenants the option of rent reporting

Bill Text

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S10477 Summary:

BILL NOS10477A

&nbsp

SAME ASSAME AS A02729-A

&nbsp

SPONSORCLEARE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §238-b, RP L

&nbsp

Relates to requirements when landlords offer tenants the option of rent reporting to a consumer reporting agency to boost such tenant's credit score.

Go to top S10477 Actions:

BILL NOS10477A

&nbsp

05/15/2026REFERRED TO JUDICIARY

05/19/2026AMEND (T) AND RECOMMIT TO JUDICIARY

05/19/2026PRINT NUMBER 10477A

Go to topS10477 Committee&nbspVotes:

Go to topS10477 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10477 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10477--A

 IN SENATE

 May 15, 2026
 ___________

 Introduced by Sen. CLEARE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Judiciary -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee

 AN ACT to amend the real property law, in relation to requirements when
 landlords offer tenants the option of rent reporting

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The real property law is amended by adding a new section
 2 238-b to read as follows:
 3 § 238-b. Rent reporting. 1. For purposes of this section, "nationwide
 4 consumer reporting agency" shall include an agency that meets the defi-
 5 nition in 15 U.S.C. Section 1681a(p) or any other consumer reporting
 6 agency that meets the definition in 15 U.S.C. Section 1681a(f), so long
 7 as the consumer reporting agency resells or otherwise furnishes rental
 8 payment information to a nationwide consumer reporting agency that meets
 9 the definition in U.S.C. Section 1681a(p).
 10 2. (a) A landlord, lessor, sub-lessor or grantor of a residential
 11 property shall be prohibited from reporting a residential tenant's
 12 rental payment information to a nationwide consumer reporting agency
 13 unless notice of the reporting was provided for in the lease or contract
 14 between the landlord, lessor, sub-lessor or grantor and the tenant.
 15 (b) Such notice shall be substantially similar to the following: "We
 16 may report information about your account to credit bureaus. Late
 17 payments, missed payments, or other defaults on your account may be
 18 reflected in your credit report."
 19 (c) A landlord, lessor, sub-lessor or grantor of a residential proper-
 20 ty who furnishes negative information to a nationwide consumer reporting
 21 agency regarding a residential tenant's rental payments shall provide a
 22 notice of such furnishing of negative information, in writing, to the
 23 tenant. Such notice shall be made no later than thirty days after
 24 furnishing the negative information to the nationwide consumer reporting
 25 agency and shall include a summary of the tenant's rights under the
 26 federal Fair Credit Reporting Act (15 U.S.C. Sect. 1681 et seq.) and

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05007-06-6

 S. 10477--A 2

 1 article twenty-five of the general business law, including the right to
 2 access and dispute the contents of a consumer report.
 3 3. (a) Any landlord, lessor, sub-lessor or grantor of a residential
 4 property who offers a residential tenant or tenants obligated on the
 5 lease of each unit the option of having such tenant's positive rental
 6 payment information reported to at least one nationwide consumer report-
 7 ing agency shall first obtain the authorization of such tenant or
 8 tenants. A tenant's election to have positive rental payment information
 9 reported under this subdivision shall be in writing, as described in
 10 paragraph (c) of this subdivision.
 11 (b) Notice of the option for positive rental payment information
 12 reporting shall be made at the time of the lease agreement and at least
 13 once annually thereafter and for any renewal of such lease.
 14 (c) The notice of positive rental payment information reporting shall
 15 include a written election of rent reporting that contains:
 16 (i) a statement that reporting of the tenant's positive rental payment
 17 information is optional;
 18 (ii) identification of each consumer r