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Residential rent reporting to credit bureaus would be newly regulated under this bill, which allows landlords — rental companies of any size, or individual landlords who own 16 or more units — to offer renters a program where their monthly rent payments get reported to a nationwide credit reporting agency, potentially helping renters build credit history. Starting in 2026, landlords could offer this service when a lease is signed, may charge a fee up to their actual cost of providing the reporting, and must give renters a written disclosure explaining the program, any fee, and how to enroll or unenroll. Renters could join or leave the program at any time during their lease, but if a renter unenrolls or fails to pay the fee, they must wait at least six months before re-enrolling, and landlords are barred from charging late fees, calling nonpayment of the fee a lease violation, or using it as grounds for eviction. The bill takes effect January 1, 2027.