HB 26-1196

HB 26-1196, also known as Tenant Data Information, is a Colorado bill that requires landlords who manage five or more rental units to inform prospective tenants about the information they will use for tenant screening and the specific reasons why an application might be denied. Additionally, these landlords must offer their tenants the option of positive rent reporting, which involves sharing on-time rent payments with credit agencies to help improve a tenant's credit score. Landlords cannot charge extra fees or raise rents because of this service, and tenants can opt out at any time. The bill has been signed into law, meaning it is now enforceable in Colorado.

Official Summary

The act requires a landlord to:Comply with applicable court rules governing the protection and redaction of personal identifying information in eviction filings; andRedact personal identifying information from supporting documents submitted to a court.     The act also requires a landlord to include in all rental applications:A notice to prospective tenants regarding the information and data the landlord will attempt to access when conducting a tenant screening;A general description of the factors the landlord will consider when evaluating a rental application, including a prospective tenant's credit history, rental history, income, and criminal background, if applicable; andAn indication of whether the landlord uses a third-party tenant screening service and, if so, the name of the service.(Note: This summary applies to this bill as enacted.)

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