Signed by Governor Jared Polis

Vote Smart's Synopsis:

Vote to pass a bill that prohibits landlords from rejecting a tenant on income grounds unless their monthly income is less than two times the monthly rent.

Highlights:

• Prohibits landlords from rejecting a tenant on income grounds unless their monthly income is less than 2 times the monthly rent (Sec. 1).

• Prohibits a landlord from using a renters credit history, or lack of a credit history outside of the previous 7 years as a criteria for rental application consideration (Sec. 1).

• Establishes a penalty of $50 for landlords found to have violated the aforementioned provisions upon first violation and a $2,500 penalty for landlords upon second and subsequent violations (Sec. 3).

• Limits rental security deposits to no more than 2 monthly rent payments (Sec. 5).

• Specifies that the provisions of this bill shall take effect 90 days after the adjournment date of this current legislative session (Sec. 6).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that prohibits landlords from rejecting a tenant on income grounds unless their monthly income is less than two times the monthly rent.

Highlights:

• Prohibits landlords from rejecting a tenant on income grounds unless their monthly income is less than 2 times the monthly rent (Sec. 1).

• Prohibits a landlord from using a renters credit history, or lack of a credit history outside of the previous 7 years as a criteria for rental application consideration (Sec. 1).

• Establishes a penalty of $50 for landlords found to have violated the aforementioned provisions upon first violation and a $2,500 penalty for landlords upon second and subsequent violations (Sec. 3).

• Limits rental security deposits to no more than 2 monthly rent payments (Sec. 5).

• Specifies that the provisions of this bill shall take effect 90 days after the adjournment date of this current legislative session (Sec. 6).

Full Bill Text