AN ACT RELATING TO PROPERTY -- RESIDENTIAL LANDLORD AND TENANT ACT

HB 7764 prohibits landlords from using computer algorithms that rely on secret competitor data (like other landlords' rent prices or occupancy rates) to set or adjust residential rent. It directly affects residential landlords, property managers, and agents who use such tools to determine rent amounts. The law bans this practice starting January 1, 2027, with limited exemptions for federal housing programs and basic internal record-keeping. This change aims to prevent opaque, data-driven rent increases based on nonpublic market information. The bill does not restrict algorithms used solely for historical market reporting or compliance with government housing programs.