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Bill > HB215


NM HB215

NM HB215
No Use Of Ai For Rent Manipulation


summary

Introduced
01/29/2025
In Committee
02/18/2025
Crossed Over
Passed
Dead
03/22/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill Summary

AN ACT RELATING TO PROPERTY; ENACTING A NEW SECTION OF THE UNIFORM OWNER-RESIDENT RELATIONS ACT; PROHIBITING THE USE OF ARTIFICIAL INTELLIGENCE TO MANIPULATE RENT PRICING.

AI Summary

This bill proposes to add a new section to the Uniform Owner-Resident Relations Act that prohibits the use of artificial intelligence (AI) to manipulate rent pricing in residential properties. The legislation defines key terms such as "consciously parallel pricing coordination" (a tacit agreement between property owners to manipulate rent prices) and "coordinating function" (collecting, analyzing, and recommending rent prices using computational methods). The bill makes it unlawful for property owners or their agents to use services that coordinate rental pricing across multiple properties, for coordinators to facilitate anti-competitive agreements, and for multiple property owners to engage in coordinated pricing strategies. Specifically, the bill prohibits subscribing to, contracting with, or exchanging consideration for services that might enable rent price manipulation through AI or data analytics. The legislation provides a legal mechanism for individuals who are harmed by such practices to sue in a court with jurisdiction where the defendant resides or can be served. The intent of the bill appears to be preventing artificial intelligence from being used as a tool to unnaturally inflate or coordinate rental prices, thereby protecting tenants from potential price-fixing schemes.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

HJC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution (on 02/18/2025)

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