Concerning prohibiting the use of an algorithmic device by a landlord for the purpose of determining the amount of rent to charge a residential tenant, and, in connection therewith, declaring that such use is an unfair or deceptive trade practice under the “Colorado Consumer Protection Act”.
BILL SUMMARY
The bill states that a landlord may not employ or rely upon an algorithmic device in setting the amount of rent to be charged to a tenant for the occupancy of a residential premises. A violation of the prohibition is an unfair or deceptive trade practice under the “Colorado Consumer Protection Act” and may be punished accordingly.
(Note: This summary applies to this bill as introduced.)
