Section 1: Credit Criteria Disclosure
- Credit Availability: Landlords must make available the credit criteria or a link/QR code to access the criteria for review by prospective tenants at the property or via electronic means.
Section 2: Clear Guidelines
- Written Guideline: Landlords must provide clear and concise written guidelines outlining the credit criteria and requirements for tenancy.
Section 3: Criminal Background Check
- HUD Criminal Opinion: Landlords must include HUD (Department of Housing and Urban Development) guidelines regarding criminal background checks in the written criteria provided to tenants.
Section 4: Tenant Acknowledgement
- Tenant Acknowledgement: Prospective tenants must sign a statement confirming that they have reviewed the provided guidelines prior to submitting an application for the property.
Section 5: Application Fee
- Non-Refundable Fee: Tenants must understand and acknowledge that application fees are non-refundable regardless of the application outcome.
Section 6: Denial Letter
- Denial Letter Requirement: Landlords are required to send a denial letter to applicants, Stating the reason(s) for denial based on the provided criteria.
Enforcement and Compliance
- Landlords found to be in violation of these regulations may be subject to penalties outlines by the [relevant governing body or authority].
- Tenants can seek recource through [specific legal channels] in case of non-compliance or unfair practices by landlords.
Effective Date
- This regulation shall come into effect on [specific date], giving landlords reasonable transition period to comply.