Bill > H1564

This bill aims to prevent algorithmic rent fixing in the rental housing market by establishing new legal restrictions on how real estate service providers collect, analyze, and recommend rental pricing information. The bill defines key terms such as "coordinate" (which includes collecting historical pricing data, analyzing that data using computational methods, and recommending rental prices), "service provider" (any entity performing coordination functions), and "real estate lessor" (property owners who lease residential dwelling units). The legislation prohibits real estate lessors from subscribing to or contracting with service providers that facilitate anti-competitive practices, and prevents service providers from enabling agreements that restrict competition among rental property owners. Violations of these provisions are considered unfair methods of competition under existing consumer protection laws. The bill provides legal recourse for plaintiffs, including the potential for awarding damages, attorney fees, and investigation costs. Additionally, the bill limits the enforceability of pre-dispute arbitration agreements and joint-action waivers in cases related to these violations, making it easier for individuals or groups to pursue legal action against entities engaging in algorithmic rent fixing. This legislation is designed to protect renters by preventing coordinated efforts that could artificially manipulate or inflate rental prices.

Housing and Urban Affairs

https://malegislature.gov/Bills/194/H1564