Briefs

First-in-the-Nation Bill to Help Renters Improve Their Credit Scores

SACRAMENTO — Gov. Gavin Newsom Sept. 28, signed Senate Bill 1157, authored by Sen. Steven Bradford (D-Gardena). This bill requires landlords managing medium- to large, subsidized, multi-family housing units in California to offer their tenants the option of having their rental payments reported to a major credit bureau.

The U.S. Census American Community Survey reports more than 45% of Californians are renters. Yet, at the present time, although failure to pay one’s rent has a negative impact on one’s credit, most Californians who make on-time rent payments fail to receive any benefit to their credit scores for making those on-time payments. This is because many landlords do not submit their tenants’ “full-file” (positive and negative) rental payment history to any of the major credit bureaus.

Specifically, SB 1157 requires landlords who manage medium to large multi-family units in California that receive federal, state, or local subsidies to offer each tenant in a subsidized unit the option of having their rental payments reported to a major bureau. By focusing on subsidized housing, the bill is tailored to those tenants likely to receive the greatest benefit from establishing or improving their credit scores. 

SB 1157 includes a delayed operative date of July 1, 2021 to allow landlords reasonable time to prepare for implementation.

Reporters Desk

Recent Posts

He Tells the Truth When He Lies: A JD Vance Primer on Building Conspiracies

By Allison Butler Lately, I’ve had lyrics to ‘I’ve Got No Idols,’ by 1990s indie-darling…

6 hours ago

Long Beach Gears Up for October Arts Month with Open Studio Tours

  LB Open Studio Tour 2025, October is Arts Month In celebration of Long Beach…

7 hours ago

Charge Your Car, Not Your Wallet, Carson Launches EV Charging Wallet Pilot Program

  CARSON — The City of Carson announced the launch of the first-of-its-kind EV charging…

7 hours ago

Washington’s Complex Agenda in the Middle East

Washington hopes with all this firepower to maintain control over oil resources and stave off…

8 hours ago

California Expands Workforce Support and Protects Homeland Security Funding

Gov. Newsom Signs Bill Expanding Workers’ Rights SACRAMENTO — Gov. Gavin Newsom Sept. 30 signed…

8 hours ago

Gaza Aid Flotillas Defy Israeli Blockade to Bring Medicine and Food to Palestinians

Denying Gazans humanitarian aid, impeding ships in international waters and arresting at gunpoint those onboard…

9 hours ago