Bill > SB0795

This bill requires landlords to offer tenants the option to have their timely rent payments reported to credit bureaus, which are agencies that compile consumer credit information, as a way to help tenants build their credit history. This offer must be made when a lease is signed and annually thereafter, with specific timelines for existing leases, and can be communicated via mail or email. The offer must clearly state that reporting is optional, list the credit bureaus involved, mention any associated fees, explain how to opt in or out, and include a signature line for the tenant to agree. If a tenant chooses to have their payments reported, landlords can charge a small monthly fee, capped at $10 or the actual cost, but this fee itself cannot be reported to credit bureaus and failure to pay it will not lead to eviction or affect the security deposit, though it can result in the suspension of reporting for at least six months. Tenants can opt out of reporting at any time, but cannot resume it for at least six months after opting out. This requirement generally applies to landlords of residential rental properties with more than 15 units, unless the landlord owns multiple buildings or is a specific type of business entity, and does not apply to assisted housing developments. "Positive rental payment information" refers only to complete and on-time rent payments.

Housing and Urban Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-0795