Renter Credit Reporting Amendments

Added new definitions for 'offer of rent reporting,' 'rent reporting,' and clarified the scope of 'housing authority' and 'nationwide consumer reporting agency.'

Mandated that housing authorities provide an offer of rent reporting when entering a rental agreement and at least once annually.

Established that housing authorities may charge a fee for rent reporting, but the fee cannot exceed the actual cost of reporting.

Created a six-month waiting period where a renter cannot re-enroll in rent reporting after opting out or failing to pay the fee.

Prohibited housing authorities from treating a renter's failure to pay the reporting fee as a lease violation or grounds for eviction.

Set the effective date for the new provisions to July 1, 2026, and scheduled the repeal of the existing Section 57-22-8 by December 31, 2027.

Restricted the requirement to provide rent reporting offers to units owned by housing authorities, removing the broader application to all public funds recipients.

Updated the definition of 'public funds recipient' to explicitly list specific housing funds and authorities as included entities.

Clarified the definition of 'public funds' to include specific state housing loan funds and tax credits.