ARTICLE
22 March 2024

Prohibit Algorithmic Devices Used For Rent Setting

This bill prohibits landlords from using or relying upon algorithmic devices that use nonpublic competitor data to determine the amount of rent to charge a residential tenant...
United States Real Estate and Construction
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HB24-1057

Summary

This bill prohibits landlords from using or relying upon algorithmic devices that use nonpublic competitor data to determine the amount of rent to charge a residential tenant and defines the use of such a device as an unfair or deceptive trade practice under the "Colorado Consumer Protection Act." It excludes from that definition any periodically published report by a trade association that receives renter data and publishes that data in an anonymous and aggregated manner and products used for establishing rent or income limits according to the affordable housing guidelines or any federal, state, or local government or any other political subdivision.

Legislative Updates

  • 2024-03-06 / Engrossed
    Introduced In Senate - Assigned to Local Government & Housing
  • 2024-03-04
    House Third Reading Passed - No Amendments
  • 2024-03-01
    House Second Reading Passed with Amendments - Committee, Floor
  • 2024-02-05
    House Second Reading Laid Over Daily - No Amendments
  • 2024-01-31
    House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole

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ARTICLE
22 March 2024

Prohibit Algorithmic Devices Used For Rent Setting

United States Real Estate and Construction
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