CAL LEG Tenancy Credit Reporting


On Sep. 11, CAL LEG passed bill on reporting positive rental payment.


  • CAL LEG passed bill AB 2747, adds CAL LEG 3-4-2.4-1954.07 re tenant credit reports.
  • Requires landlord to offer tenant on a lease the option of having the tenant’s positive payment information reported to at least one nationwide consumer reporting agency.
  • Bill Provisions
  • For leases entered into on and after Apr. 1, 2025, offer of positive rental payment information reporting made at the time of lease agreement and annually thereafter.
  • Leases outstanding as of Jan. 1, 2025, the offer of positive rental payment information reporting to be made no later than Apr. 1, 2025, and at least once annually thereafter.
  • The bill authorizes a tenant to request, and the landlord to provide, additional copies of the written election of positive rental payment information reporting at any time.
  • A tenant who elects to have positive rental payment information reported is to subsequently file a written request to stop that reporting and landlord is to comply.
  • Tenant who stops reporting prohibited from electing reporting again for 6 months.
  • Landlord to charge a tenant the lesser of $10 per month or the actual cost of service.
  • Unless landlord does not incur any actual cost to provide positive payment reporting.
  • Prohibits landlord from taking certain actions if tenant fails to pay reporting charge.
  • Exempts a landlord of a residential rental building that has 15 or fewer dwelling units, unless specified conditions are met, and an assisted housing development, as defined.
  • Legislative History
  • On Feb. 15, 2024, bill introduced in Assembly; on May 20, 2024, bill passed Assembly.
  • On May 21, 2024, bill introduced in Senate; on Aug. 28, 2024, bill passed in Senate.
  • On Aug. 29, 2024, bill amendments concurred; on Sep. 11, bill delivered to governor.
  • Effectiveness
  • No effective date specified; generally effective Jan. 1 after enactment, on Jan. 1, 2025.
  • Sep. 19, 2024 CAL LEG Governor Approval
  • On Sep. 19, 2024, CAL LEG governor approved AB2747, Ch. 279 Statutes of 2024.

Regulators CAL LEG
Entity Types CNSM; Corp; MG Orig
Reference Ch 279, 9/19/2024; Bill, AB2747, 9/11/2024; Citation: CAL LEG 3-4-2.4;
Functions Compliance; Legal; Operations; Reporting
Countries United States of America
Category
State
Products Corporate; Mortgage
Regions Am
Rule Type Final
Rule Date 9/11/2024
Effective Date 1/1/2025
Rule Id 226001
Linked to N/A
Reg. Last Update 9/19/2024
Report Section US Consumer

Last substantive update on 09/20/2024