CA's New Positive Rental Payment Reporting Law - Takes Effect 1 April 2025 for Landlords!

Web Reference: CA.gov is the official website for the State of California. You can find and access California services, resources, and more. California (/ ˌkælɪˈfɔːrniə /) is a state in the Western United States that lies on the Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares an international border with the Mexican state of Baja California to the south. 2 days ago · California, constituent state of the United States of America. It was admitted as the 31st state of the union on September 9, 1850, and by the early 1960s it was the most populous U.S. state.

YouTube Excerpt: AB 2747 is a new law that applies to multifamily residential properties with 16 or more residential units and MAY apply to complexes with fewer units in some circumstances. The intention of AB 2747 is to provide residential tenants with the option to request that their landlord report a tenant's positive rental payment history to a credit reporting agency in order to help a tenant to potentially improve their credit (FICO) score. The tenant can opt out of participation if their property is subject to AB 2747. However, the tenant will be barred from participation for 6 months if the tenant expressly opts-out. There are additional provisions that I will discuss in this quick video. For the full text of the bill, see Cal. Civ. Code § 1954.07 NOTE: This is information presented by an attorney; however, this is not to be considered legal advice specific to your case. Always consult an attorney if you can afford one. If you cannot afford one, there may be free legal assistance available to you in your locality. No representations or warranties of any kind are expressed or implied.

AB 2747 is a new law that applies to multifamily residential properties with 16 or more residential units and MAY apply to complexes with fewer...

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