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Senate Bill S10477A

2025-2026 Legislative Session

Relates to requirements when landlords offer tenants the option of rent reporting

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Current Bill Status - In Senate Committee Judiciary Committee

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Bill Amendments

2025-S10477 - Details

See Assembly Version of this Bill:
A2729
Current Committee:
Senate Judiciary
Law Section:
Real Property Law
Laws Affected:
Add §238-b, RP L

2025-S10477 - Summary

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

2025-S10477 - Sponsor Memo

2025-S10477 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10477
 
                             I N  S E N A T E
 
                               May 15, 2026
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Judiciary
 
 AN ACT to amend the real property law, in relation  to  requiring  land-
   lords to 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:

   Section 1. The real property law is amended by adding  a  new  section
 238-b to read as follows:
   §  238-B.  RENT  REPORTING.  1.  ANY  LANDLORD  WHO OFFERS A TENANT OR
 TENANTS OBLIGATED ON THE LEASE OF EACH UNIT THE OPTION  OF  HAVING  SUCH
 TENANT'S  RENTAL PAYMENT INFORMATION REPORTED TO AT LEAST ONE NATIONWIDE
 CONSUMER REPORTING AGENCY SHALL FIRST OBTAIN THE AUTHORIZATION  OF  SUCH
 TENANT OR TENANTS. A NATIONAL CONSUMER REPORTING AGENCY SHALL INCLUDE AN
 AGENCY  THAT  MEETS  THE DEFINITION IN 15 U.S.C. SECTION 1681A(P) OR ANY
 OTHER CONSUMER REPORTING AGENCY THAT MEETS THE DEFINITION IN  15  U.S.C.
 SECTION  1681A(F),  SO  LONG AS THE CONSUMER REPORTING AGENCY RESELLS OR
 OTHERWISE FURNISHES RENTAL PAYMENT INFORMATION TO A NATIONWIDE  CONSUMER
 REPORTING  AGENCY  THAT  MEETS  THE  DEFINITION  IN  15  U.S.C.  SECTION
 1681A(P). A TENANT'S ELECTION TO HAVE RENT REPORTED UNDER THIS  SUBDIVI-
 SION  SHALL  BE  IN  WRITING,  AS DESCRIBED IN SUBDIVISION THREE OF THIS
 SECTION.
   2. NOTICE OF RENT REPORTING SHALL BE MADE AT THE  TIME  OF  THE  LEASE
 AGREEMENT  AND  AT LEAST ONCE ANNUALLY THEREAFTER AND FOR ANY RENEWAL OF
 SUCH LEASE.
   3. THE NOTICE OF RENT REPORTING SHALL INCLUDE A  WRITTEN  ELECTION  OF
 RENT REPORTING THAT CONTAINS:
   (A) A STATEMENT THAT REPORTING OF THE TENANT'S RENTAL PAYMENT INFORMA-
 TION IS OPTIONAL;
   (B)  IDENTIFICATION  OF EACH CONSUMER REPORTING AGENCY TO WHICH RENTAL
 PAYMENT INFORMATION WILL BE REPORTED;
   (C) A STATEMENT DESCRIBING WHICH RENTAL PAYMENTS WILL BE REPORTED, AND
 WHETHER SUCH PAYMENTS ARE TIMELY, LATE, OR MISSED;
   (D) A STATEMENT THAT EACH  CONSUMER  REPORTING  AGENCY  CONSIDERS  ANY
 RENTAL PAYMENT LATE IF SUCH PAYMENT IS OVERDUE BY THIRTY DAYS;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

2025-S10477A (ACTIVE) - Details

See Assembly Version of this Bill:
A2729
Current Committee:
Senate Judiciary
Law Section:
Real Property Law
Laws Affected:
Add §238-b, RP L

2025-S10477A (ACTIVE) - Summary

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

2025-S10477A (ACTIVE) - Sponsor Memo

2025-S10477A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                 10477--A
 
                             I N  S E N A T E
 
                               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:
 
   Section  1.  The  real property law is amended by adding a new section
 238-b to read as follows:
   § 238-B. RENT REPORTING. 1. FOR PURPOSES OF THIS SECTION,  "NATIONWIDE
 CONSUMER  REPORTING AGENCY" SHALL INCLUDE AN AGENCY THAT MEETS THE DEFI-
 NITION IN 15 U.S.C. SECTION 1681A(P) OR  ANY  OTHER  CONSUMER  REPORTING
 AGENCY  THAT MEETS THE DEFINITION IN 15 U.S.C. SECTION 1681A(F), SO LONG
 AS THE CONSUMER REPORTING AGENCY RESELLS OR OTHERWISE  FURNISHES  RENTAL
 PAYMENT INFORMATION TO A NATIONWIDE CONSUMER REPORTING AGENCY THAT MEETS
 THE DEFINITION IN U.S.C. SECTION 1681A(P).
   2.  (A)  A  LANDLORD,  LESSOR,  SUB-LESSOR OR GRANTOR OF A RESIDENTIAL
 PROPERTY SHALL BE  PROHIBITED  FROM  REPORTING  A  RESIDENTIAL  TENANT'S
 RENTAL  PAYMENT  INFORMATION  TO  A NATIONWIDE CONSUMER REPORTING AGENCY
 UNLESS NOTICE OF THE REPORTING WAS PROVIDED FOR IN THE LEASE OR CONTRACT
 BETWEEN THE LANDLORD, LESSOR, SUB-LESSOR OR GRANTOR AND THE TENANT.
   (B) SUCH NOTICE SHALL BE SUBSTANTIALLY SIMILAR TO THE FOLLOWING:   "WE
 MAY  REPORT  INFORMATION  ABOUT  YOUR  ACCOUNT  TO  CREDIT BUREAUS. LATE
 PAYMENTS, MISSED PAYMENTS, OR OTHER DEFAULTS  ON  YOUR  ACCOUNT  MAY  BE
 REFLECTED IN YOUR CREDIT REPORT."
   (C) A LANDLORD, LESSOR, SUB-LESSOR OR GRANTOR OF A RESIDENTIAL PROPER-
 TY WHO FURNISHES NEGATIVE INFORMATION TO A NATIONWIDE CONSUMER REPORTING
 AGENCY  REGARDING A RESIDENTIAL TENANT'S RENTAL PAYMENTS SHALL PROVIDE A
 NOTICE OF SUCH FURNISHING OF NEGATIVE INFORMATION, IN  WRITING,  TO  THE
 TENANT.  SUCH  NOTICE  SHALL  BE  MADE  NO  LATER THAN THIRTY DAYS AFTER
 FURNISHING THE NEGATIVE INFORMATION TO THE NATIONWIDE CONSUMER REPORTING
 AGENCY AND SHALL INCLUDE A SUMMARY OF  THE  TENANT'S  RIGHTS  UNDER  THE
 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.
              

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