Instructions for Completing the Rent Reporting Option Notice
The F56A - Notice of Positive Rental Payment Reporting Option form is used to inform tenants of their right to have their on-time rent payments reported to nationwide consumer reporting agencies (e.g., Equifax, Experian, TransUnion). Under California Civil Code Section 1954.07, this reporting can help tenants build a positive credit history. The form also outlines the tenant's right to opt-in or opt-out of this service and explains any potential fees involved.
How to Fill Out and Use This Form
Complete Tenant and Property Information:
- Fill in the resident's name(s) and the address of the rental unit.
Review Tenant Election and Rights:
- Understand your right to elect or stop positive rental payment reporting at any time. Note that opting out means you cannot opt-in again for at least six months.
Select Reporting Agencies and Fee Agreement:
the landlord chooses the consumer reporting agency to which positive rental payment information will be reported.
- Review the list of consumer reporting agencies to which the payments will be reported.
- Indicate whether a monthly service fee applies or if no fee is required.
Choose Opt-In or Opt-Out:
- Check the appropriate box in Section 6 to either opt-in or opt-out of the reporting service.
- Sign and date the form to confirm your decision.
Submit the Form:
- Submit the completed form by email or mail as instructed on the form.
Request Additional Copies (Optional):
- Tenants can request additional copies of the completed form at any time.