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Treasurer outlines a $100,000 pilot to report on‑time rental payments to credit bureaus; staff seek opt‑in design and later start date
Summary
The Office of the State Treasurer proposed a positive rental payment pilot that would allow tenants to opt into reporting timely rent payments to credit bureaus; the treasurer’s office asked for contracting flexibility, an optional financial education component and a later start date to allow procurement.
The Office of the State Treasurer described a pilot program to report tenants’ on‑time rental payments to consumer credit bureaus, a practice some states have used to help tenants build credit histories.
Becky Wasserman of the Treasurer’s Office told the committee the office reviewed model programs (California, Colorado and a Fannie Mae pilot) and recommended a positive‑only reporting design: participating landlords (or…
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