New Mexico 2025 Regular Session

New Mexico House Bill HB215 Compare Versions

Only one version of the bill is available at this time.

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28	28	HOUSE BILL 215
29	29	57
30	30	TH LEGISLATURE
31	31	-
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33	33	STATE
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35	35	OF
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39	39	MEXICO
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42	42	FIRST SESSION
43	43	,
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45	45	2025
46	46	INTRODUCED BY
47	47	Andrea Romero and Angelica Rubio
48	48	AN ACT
49	49	RELATING TO PROPERTY; ENACTING A NEW SECTION OF THE UNIFORM
50	50	OWNER-RESIDENT RELATIONS ACT; PROHIBITING THE USE OF ARTIFICIAL
51	51	INTELLIGENCE TO MANIPULATE RENT PRICING.
52	52	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
53	53	SECTION 1. A new section of the Uniform Owner-Resident
54	54	Relations Act is enacted to read:
55	55	"[NEW MATERIAL] ARTIFICIAL INTELLIGENCE MANIPULATION OF
56	56	RENT PRICING.--
57	57	A. As used in this section:
58	58	(1) "consciously parallel pricing
59	59	coordination" means a tacit agreement between two or more
60	60	owners of separate properties to raise, lower, change, maintain
61	61	or manipulate pricing of rent for the separate properties;
62	62	(2) "coordinating function" means:
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90	90	(a) collecting historical or
91	91	contemporaneous prices, supply levels or lease or rental
92	92	contract termination and renewal dates of dwelling units from
93	93	two or more rental property owners;
94	94	(b) analyzing or processing of the
95	95	information described in Subparagraph (a) of this paragraph
96	96	through use of a system, software or process that uses
97	97	computation, including by using the information to train an
98	98	algorithm; and
99	99	(c) recommending rent prices, lease
100	100	renewal terms or occupancy levels to an owner; and
101	101	(3) "coordinator" means a person who operates
102	102	a software or data analytics service that performs a
103	103	coordinating function for an owner, including a rental property
104	104	owner performing a coordinating function for the rental
105	105	property owner's own benefit.
106	106	B. It is unlawful for:
107	107	(1) an owner or an agent of an owner to
108	108	subscribe to, contract with or otherwise exchange a form of
109	109	consideration in return for the use of services of a
110	110	coordinator;
111	111	(2) a coordinator to facilitate an agreement
112	112	among owners of separate properties that restricts competition
113	113	with respect to residential dwelling units, including by
114	114	performing a coordinating function; or
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143	143	(3) two or more rental property owners to
144	144	engage in consciously parallel pricing coordination.
145	145	C. A person who is injured by unlawful actions
146	146	provided pursuant to this section may sue in a court having
147	147	jurisdiction in the county in the state where the defendant
148	148	resides or is found or an agent resides or is found or where
149	149	service may be obtained."
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