HOME Act of 2024, Sec. 7 (Identification of Unfair Screening Practices)

Summary

Mandates the Secretary, the Federal Trade Commission, and the Bureau of Consumer Financial Protection to jointly collect information on unfair practices in tenant and applicant screenings, including the use of algorithms.

Requires the identification of practices that prevent access to or retention of rental housing, focusing on tenant background checks, adverse action notices, and tenant income sources.

Obliges the submission of an annual report to Congress detailing the information collected under the program.

Mandates collecting information to identify unfair rental housing screening practices using algorithms and background checks.

SEC. 7. IDENTIFICATION OF UNFAIR SCREENING PRACTICES. The Secretary, the Federal Trade Commission, and the Bureau of Consumer Financial Protection shall jointly— (1) carry out a program to collect information to identify practices that unfairly prevent applicants and tenants of rental housing from accessing or staying in housing, including the establishment and use of tenant or applicant background checks, the use of algorithms in tenant screenings, the provision of adverse action notices by landlords and property management companies, and the use of information regarding tenant income sources; and

Requires submission of an annual report to Congress detailing information collected under the program.

(2) submit a report to the Congress annually describing the information collected under the program carried out pursuant to paragraph (1).