AN ACT PROHIBITING RESIDENTIAL RENTAL PROPERTY OWNERS FROM USING PRICING ALGORITHMS AND COMPETITORS' SENSITIVE DATA TO SET RENTAL PRICES.

HB 6947 prohibits residential landlords and property owners in the state from using pricing algorithms or competitors' sensitive data to set rental prices. The bill bans selling/licensing such algorithms to landlords, using competitor data (like actual rents or lease dates) to train or run algorithms, and directly using algorithms for rent decisions. It applies to all residential rental properties, effective July 1, 2025, and violations would be treated as unfair trade practices. The law aims to prevent landlords from leveraging non-public market data to influence pricing.