New York Landlord Algorithmic Pricing Law (Gen. Bus. Law 340-b; S7882)
New York · N.Y. Gen. Bus. Law 340-b (S7882, 2025)
This law makes it a crime to help residential landlords coordinate the rents they charge instead of competing with one another, including by operating or licensing software, a data-analytics service, or an algorithmic tool that performs a rent-setting coordination function across two or more landlords. The conduct must be done knowingly or recklessly. Violations are a Class E felony, with fines up to $1 million for a corporation and up to $100,000 or up to four years in prison for an individual.
Technical detail
N.Y. Gen. Bus. Law 340-b (enacted via S7882, 2025) makes it unlawful to knowingly or recklessly facilitate an agreement among two or more residential rental property owners/managers not to compete on rents, including by operating or licensing software, a data-analytics service, or an algorithmic device performing a rent-setting coordinating function; a violation is a Class E felony.
Who is protected: Residential rental tenants in New York and the competitive residential rental market.
Who must comply: Residential rental property owners and managers, and any person or company that operates or licenses software, data-analytics services, or algorithmic rent-setting tools used to coordinate rents.
Key facts
| Jurisdiction | New York |
|---|---|
| Level | State |
| Status | In effect |
| Protection strength | Moderate protection |
| Effective date | 2025-12-15 |
| Citation | N.Y. Gen. Bus. Law 340-b (S7882, 2025) |
| Enforced by | New York State Attorney General and criminal prosecutors (Class E felony). |
| Penalties | Class E felony: corporations may be fined up to $1,000,000; individuals up to $100,000 and/or imprisonment up to four years. |
| Topics | automated decision-making · housing and credit decisions · consumer protection |
| Last verified | 2026-06-16 |
| Official source | NY State Senate Bill 2025-S7882 ↗ |
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