Housing Price Transparency Act

The Housing Price Transparency Act requires landlords and property managers who use algorithms to set rental prices to clearly disclose this practice to tenants. The Federal Trade Commission is authorized to enforce these rules by treating violations as unfair or deceptive acts, while state attorneys general may also bring civil actions on behalf of their residents if federal enforcement is not pending. Individuals injured by non-compliance can file private lawsuits in federal court to seek injunctions and recover damages of at least $10,000 per violation or actual monetary losses, whichever is greater.