Bill > HB358

This bill seeks to prohibit landlords from using algorithmic devices when setting residential rent amounts. The bill defines an "algorithmic device" as a technological tool that uses algorithms to calculate and suggest rental prices based on data about local or statewide rent amounts. Specifically, the bill clarifies that such devices include products incorporating algorithmic technology, but excludes internal tools used exclusively by a landlord or their affiliates. Under this proposed law, landlords would be prohibited from employing, using, or relying on these algorithmic devices when determining how much rent to charge a tenant for a dwelling unit. Any violation of this prohibition would be considered an unfair, false, misleading, or deceptive practice under Kentucky's trade and commerce regulations. The bill would apply to rental agreements executed on or after the law's effective date, meaning it would impact new rental agreements but not necessarily existing ones. The intent appears to be preventing automated or potentially discriminatory rent-setting practices by restricting the use of algorithmic pricing tools in the residential rental market.

Government Affairs

https://apps.legislature.ky.gov/record/25RS/hb358.html