The Real Deal Miami

Bill would require landlords to provide #fff;background:#66

July 15, 2010 12:45PM

Rejected renters nationwide may soon be able to find out the reason for their snub with a proposal in the financial overhaul bill that would require landlords to provide them with free copies of the credit scores used to evaluate their applications, according to the Wall Street Journal. Currently, one of the most common reasons cited by landlords who reject prospective renters is poor credit, but landlords are not required to disclose the scores that they deem not creditworthy. Consumers are already given a free yearly copy of their credit report from each of the three credit-reporting bureaus under the Fair Credit Reporting Act, but tenant advocate Emily Goldstein, of Tenants and Neighbors, said the new law, which is nearing passage in Congress, would help discourage landlords from discriminating against applicants on the basis of race and age. [WSJ]