Prohibits use and sale of algorithmic devices for setting rent price or occupancy of residential dwelling units.

This bill prohibits landlords and companies from selling or using software that sets or recommends rental prices or occupancy rates based on non-public competitor data, such as actual rent prices or lease details from other landlords. It directly affects corporate and individual landlords who use such algorithmic tools, while allowing software that relies on publicly available data or affordable housing program guidelines. Violations could result in civil penalties of up to $1,000 per violation, with enforcement handled by the New Jersey Attorney General through civil actions for damages or injunctions. The law does not restrict standard property management software or the amount landlords may charge in rent.