state_legiscan_drain · IL
RENTAL PAYMENT INFO-REPORTING
February 5, 2026
Summary
If enacted, this bill would require landlords of residential properties (with exemptions for small landlords) to offer tenants the option of having their rental payment information reported to consumer reporting agencies. Landlords must obtain written authorization and may charge a fee up to actual cost plus $5 per month. This could affect how rental payment history appears on credit reports, influencing mortgage lending decisions.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3504&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "RENTAL PAYMENT INFO-REPORTING" cover?
- If enacted, this bill would require landlords of residential properties (with exemptions for small landlords) to offer tenants the option of having their…
- When was it published?
- It was published on February 5, 2026.
Related updates
- Lakeview Loan Servicing, LLC, Pingora Loan Servicing, LLC, Community Loan Servicing, LLC, and Bayview Asset Management, LLC Multistate Settlement Agreement and Consent Order issued by the Division of Banking
- ACI Payments, Inc. Settlement Agreement and Consent Order issued by the Division of Banking
- Updated Nonbank Ransomware Self-Assessment Tool (R-SAT)
- Two Ocean No-Action Letter: Digital Asset Custody & Qualified Custodian Status
- Ultralight FS,. Inc., formerly known as Obopay, Inc., also doing business as Obopay USA
- Permits senior citizens to designate third party to be notified of delinquency in payment of mortgage or property taxes.