Banning Algorithms Used by Landlords to Inflate Rental Housing Prices.
This law aims to lower housing costs by prohibiting large property owners (4 or more units) from using specialized pricing software that facilitates price fixing. These algorithmic systems are deemed illegal tools for collusion, leading to artificially inflated rents. Citizens harmed by these practices gain the right to sue landlords and recover triple damages.
Key points
Landlords owning four or more residential units are banned from using data analytics software that recommends rental prices, treating this practice as illegal price-fixing (anti-trust violation).
Individuals harmed by artificially high rents can file civil lawsuits and are entitled to recover three times the damages sustained (treble damages).
The law invalidates pre-dispute arbitration clauses, allowing tenants to pursue claims in court, including through class action lawsuits.
Status:
Expired
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