New 2025 Regulations: What They Mean for Credit and Tenant Screening Compliance
TL;DR
As of January 1, 2025, two major regulations have gone into effect:
- Minnesota’s Manual Review Law (SF3492) requires all background data to be manually verified within 24 hours before being released.
- New York City’s Fair Chance for Housing Law (Local Law 24) restricts the use of criminal records in tenant screening, only allowing landlords to consider specific offenses.
CRS has updated its compliance solutions to help businesses navigate these regulatory changes while ensuring efficient and accurate screening.