HB 18-1127

House Bill 18-1127, which has been signed into law, aims to protect tenants by setting limits on fees landlords can charge for background checks and credit reports. It also requires landlords to inform potential renters about their selection criteria and the reasons why an application might be denied before collecting any fees or accepting applications. If a landlord decides not to rent to someone based on this information, they must notify the prospective tenant in writing. This law affects both residential landlords and tenants in Colorado. Since it has been signed, it is now enforceable state law.

Official Summary

The bill: Limits the fee to cover a landlord's costs for a personal reference check or for obtaining a consumer credit report or tenant screening report; Requires a landlord to provide each prospective tenant with written notice of the landlord's tenant selection criteria and the grounds upon which a rental application may be denied before accepting an application or collecting an application fee; and Requires a landlord to provide a prospective tenant with an adverse action notice if the landlord takes adverse action on a prospective tenant after reviewing the prospective tenant's rental application.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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