Sponsors (25)
The bill increases tenant protections and transparency—reducing upfront fees, capping late charges, and preventing credit reporting of disputed 'junk fees'—but imposes compliance costs and market distortions that could raise rents, reduce rental supply, or shift costs onto other charges or housing quality.
Renters in covered units will no longer pay application or tenant‑screening fees and will face capped late fees (max ~3% of monthly rent and only after 15 days), lowering upfront moving costs and reducing unexpected late‑fee burdens.
Renters will receive clearer pricing and unit information (full monthly cost disclosures, 10‑year rent history, and summaries of unit condition/landlord history), enabling better budgeting and informed housing choices.
Renters will be protected from disputed or excessive 'junk fees' being reported to credit bureaus, reducing the risk of credit damage and related long‑term financial harm.
Small landlords, property managers, and owners of covered units will incur new compliance and disclosure costs (and potential litigation risk), which are likely to be passed through to renters as higher rents or reduced services.
Owners of some properties may avoid participating in federally backed programs or selling loans to Fannie Mae/Freddie Mac to escape coverage, which could reduce rental supply or availability in affected markets.
Limiting fees and requiring disclosures may prompt landlords to shift costs to other charges or cut maintenance/investment, risking lower long‑term housing quality for renters if no complementary supports are provided.
Based on analysis of 3 sections of legislative text.
Bans certain rental application and screening fees for federally related housing, limits late fees, mandates pre-lease disclosures, and orders CFPB/FTC rules on "junk fee" reporting.
Introduced June 24, 2025 by Maxwell Frost · Last progress June 24, 2025
Prohibits a set of common pre- and post-occupancy “junk” fees for rental units that are tied to federal mortgage or housing programs, limits how and when landlords may charge late fees, and requires landlords to give tenants specific disclosures before signing a lease. It also directs federal housing regulators to enforce the new rules and orders the CFPB and FTC to define “junk fee” for rentals and to rule that reporting unpaid junk fees to consumer reporting agencies is an unfair or unconscionable debt-collection practice within 180 days.