Housing: landlord and tenants; reporting of rental payments to credit bureaus; provide for. Amends 1972 PA 348 (MCL 554.601 - 554.616) by adding sec. 1e.

SB 795 requires landlords in Michigan to offer tenants the option of having their on-time rent payments reported to credit bureaus. Landlords must provide this option when a lease is signed and annually thereafter, with clear disclosure of fees (capped at $10/month or actual cost), opt-in/out procedures, and a 6-month waiting period after opting out. The law applies to most rental agreements but excludes small landlords with 15 or fewer units (unless they own multiple properties) and assisted housing developments. Tenants who opt in can build credit history, while landlords must follow specific disclosure rules and cannot charge fees for non-payment of the optional reporting fee.