| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to housing; providing credit reporting option to tenants; appropriating |
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| 3 | 3 | | 1.3 money for grants to landlords to assist with credit reporting; permitting the |
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| 4 | 4 | | 1.4 collection of certain data from landlords awarded grants; requiring a report; |
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| 5 | 5 | | 1.5 proposing coding for new law in Minnesota Statutes, chapter 504B. |
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| 6 | 6 | | 1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 7 | 7 | | 1.7 Section 1. [504B.247] CREDIT REPORTING REQUIRED. |
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| 8 | 8 | | 1.8 A landlord who has more than ten residential rental units must offer tenants the option |
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| 9 | 9 | | 1.9of having their on-time rent payments reported using a rent payment reporting service that |
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| 10 | 10 | | 1.10allows the landlord to submit the renters' on-time monthly payments to credit bureaus for |
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| 11 | 11 | | 1.11inclusion in the calculation of a consumer credit score. A renter cannot be required to |
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| 12 | 12 | | 1.12participate in a rent reporting program. A renter cannot be charged for a rent reporting |
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| 13 | 13 | | 1.13program. A renter who has agreed to do rent payment reporting can opt out of rent payment |
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| 14 | 14 | | 1.14reporting at any time, and the landlord must remove the tenant from rent payment reporting |
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| 15 | 15 | | 1.15within 30 days of the request. |
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| 16 | 16 | | 1.16 Sec. 2. APPROPRIATION; GRANTS FOR TENANT CREDIT REPORTING. |
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| 17 | 17 | | 1.17 (a) $500,000 in fiscal year 2026 and $500,000 in fiscal year 2027 are appropriated from |
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| 18 | 18 | | 1.18the general fund to the commissioner of the Minnesota Housing Finance Agency for grants |
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| 19 | 19 | | 1.19to landlords to assist with the cost of providing credit reporting required under Minnesota |
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| 20 | 20 | | 1.20Statutes, section 504B.247. Grants may be awarded for the cost of services, the purchase |
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| 21 | 21 | | 1.21of technology and software, and administrative costs directly related to the required credit |
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| 22 | 22 | | 1.22reporting of on-time rent payments. Priority for grants under this section must be given to |
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| 23 | 23 | | 1Sec. 2. |
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| 24 | 24 | | REVISOR MS/NS 25-0385702/25/25 |
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| 25 | 25 | | State of Minnesota |
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| 26 | 26 | | This Document can be made available |
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| 27 | 27 | | in alternative formats upon request |
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| 28 | 28 | | HOUSE OF REPRESENTATIVES |
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| 29 | 29 | | H. F. No. 2123 |
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| 30 | 30 | | NINETY-FOURTH SESSION |
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| 31 | 31 | | Authored by Hussein, Her, Cha, Pérez-Vega, Hemmingsen-Jaeger and others03/10/2025 |
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| 32 | 32 | | The bill was read for the first time and referred to the Committee on Housing Finance and Policy 2.1landlords with units occupied by tenants who have income at or below 50 percent of the |
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| 33 | 33 | | 2.2area median income. |
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| 34 | 34 | | 2.3 (b) The Minnesota Housing Finance Agency must collect data from grantees, and any |
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| 35 | 35 | | 2.4other willing participants, on the participation in and effectiveness of the on-time rent |
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| 36 | 36 | | 2.5reporting requirements. By March 1, 2027, the commissioner of the Minnesota Housing |
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| 37 | 37 | | 2.6Finance Agency must prepare a report and send it to the chairs and ranking minority members |
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| 38 | 38 | | 2.7of the legislative committees with jurisdiction over housing. |
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| 39 | 39 | | 2Sec. 2. |
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| 40 | 40 | | REVISOR MS/NS 25-0385702/25/25 |
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