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Legal Alerts | March 13, 2024 Prohibit Algorithmic Devices Used for Rent Setting

HB24-1057

Summary

This bill prohibits landlords from using or relying upon algorithmic devices that use nonpublic competitor data to determine the amount of rent to charge a residential tenant and defines the use of such a device as an unfair or deceptive trade practice under the “Colorado Consumer Protection Act.” It excludes from that definition any periodically published report by a trade association that receives renter data and publishes that data in an anonymous and aggregated manner and products used for establishing rent or income limits according to the affordable housing guidelines or any federal, state, or local government or any other political subdivision.

Legislative Updates

  • 2024-05-01 / Engrossed
    Senate Considered House Adherence – Result was to Adhere
  • 2024-04-30
    House Considered Senate Amendments – Result was to Adhere
  • 2024-04-15
    Senate Second Reading Laid Over to 04/17/2024 – No Amendments
  • 2024-04-12
    Senate Second Reading Laid Over to 04/15/2024 – No Amendments
  • 2024-04-09
    Senate Committee on local Government & Housing Refer Unamended to Senate Committee of the Whole
  • 2024-03-06
    Introduced In Senate – Assigned to Local Government & Housing
  • 2024-03-04
    House Third Reading Passed – No Amendments
  • 2024-03-01
    House Second Reading Passed with Amendments – Committee, Floor
  • 2024-02-05
    House Second Reading Laid Over Daily – No Amendments
  • 2024-01-31
    House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole

This content is updated every Thursday, but is not a comprehensive list of updates. If you have questions regarding a specific piece of legislation, please contact Davis Graham partner, Sarah Kellner.

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