Consumer Protection, Rental Home Marketplace Guarantees Act created

Summary

The bill creates the Rental Home Marketplace Guarantees Act, which obligates online rental platforms that offer guarantees to register with the Alabama Insurance Commissioner, post their guarantee terms online, and maintain a reimbursement insurance policy. It protects renters by ensuring a backup insurer will pay if the platform fails to honor its guarantee, and it gives the commissioner enforcement authority. The measure aims to increase consumer protection in the growing short‑term rental market.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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