New York Senate Bill S7882, now signed by the Governor, prohibits the use of algorithmic pricing tools or data analytics services by landlords and related entities if such tools knowingly or recklessly facilitate anti-competitive agreements among residential rental property owners. This law aims to prevent algorithmic collusion in the rental market, impacting both landlords and technology providers offering rental pricing software.
Action required
Landlords and software providers must review and ensure their algorithmic pricing tools and practices do not facilitate anti-competitive agreements among residential rental property owners, as this bill has been signed into law.
Binding status
binding
Governing body
New York State Senate
Direction
restrictive
Innovation impact
constraining
Sponsors
Compliance requirements
Prohibited practices
- Knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental property owners or managers to not compete with respect to residential rental dwelling units, including by operating or licensing a software, data analytics service, or algorithmic device that performs a coordinating function on behalf of or between and among such residential rental property owners or managers.
AI technologies
Affected industries
Affected roles
"Prohibits a person or entity from knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental property owners or managers to not compete with respect to residential rental dwelling units, including by operating or licensing a software, data analytics service, or algorithmic device that performs a coordinating function on behalf of or between and among such residential rental property owners or managers."
Enriched 2026-05-26
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