California will now require landlords of multi-family housing to give tenants the option to opt into having their rent payments reported to the credit bureaus.
Good point and well said. The law in CA only applies to buildings with at least 15 units, it’s opt-in so landlords will only have to pay for tenants who opt for it, and there are provisions for canceling the service for tenants who don’t pay (then restrictions on their ability to opt-in again). That should help mitigate the impact to mom and pop shops.
Good point and well said. The law in CA only applies to buildings with at least 15 units, it’s opt-in so landlords will only have to pay for tenants who opt for it, and there are provisions for canceling the service for tenants who don’t pay (then restrictions on their ability to opt-in again). That should help mitigate the impact to mom and pop shops.