Free credit report for rejected renters

Wall Street Reform Bill: Free credit report for rejected renters

The Dodd-Frank financial regulatory reform bill contains a provision which will require that rejected renters be provided with a free copy of their credit report.

The Wall Street Journal reports that there is a provision in the bill that “would give prospective renters access to a free copy of the credit score that a landlord or broker used to evaluate their application.”

The article quotes a source as saying “that by forcing landlords to give out these credit scores, they would be deterred from using discriminatory factors like race or age in their decisions of whether or not to rent to particular applicants.”

Click here to read the entire article.

As always, BAYVIEW ESTATES REALTY is here to assist you.  We are conveniently located in the heart of Nassau County, Long Island, at 217 Willis Avenue in Mineola, NY 11501.  Contact us at (516) 777-0283.

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