DATA CONTRIBUTION AGREEMENT
This agreement (“Agreement”) sets out the terms and conditions under which RentReporters, LLC (“RentReporters”) agrees to report certain tenant payment history (“Data”) provided by you as Landlord or Property Manager (“Provider”) to one or more of the national “Credit Bureau(s)” (TransUnion, Equifax, or Experian) subject to the “Reporting Agreements” with any such Credit Bureau(s) that exist at the time of such reporting.
Provider authorizes RentReporters to provide such Credit Bureau(s), acting as an agent on Provider’s behalf (“Reporting Services”). Neither Provider or RentReporters shall be entitled to any fee whatsoever for such Reporting Services. RentReporters will only use the Data strictly as necessary to report such Data to Credit Bureau(s) and will not use the Data for any other purpose unless so authorized by the tenant. RentReporters shall maintain adequate safeguards to ensure the security, confidentiality and protection of Data.
II. REPORTING AND SECURITY OF DATA
RentReporters will encrypt all Data as directed by its Reporting Agreements, and further, with respect to the Data, RentReporters shall comply with such other data security policies under its Reporting Agreements. RentReporters compliance with the security policies under its Reporting Agreements will not relieve RentReporters of the obligation to observe any other or further contractual, legal, or regulatory requirements, rules or terms applicable to the security of the Data, nor do the Credit Bureau(s) assume any responsibility or liability for the security of the Data prior to the time Credit Bureau(s) receive it. At its expense, the Credit Bureau(s) may incorporate the Data into its computerized credit reporting system. Data so incorporated will cease to be the property of Provider and will become the property of the Credit Bureau(s) in order for the Credit Bureau(s) to engage in the business of providing consumer reports and other products and services (including but not limited to list editing, list extracting and model building services for risk control, and for the purpose of the Credit Bureau(s)’ consumer relations obligations); provided, however, Credit Bureau(s) will comply with Title V of the Gramm-Leach-Bliley Act, 15 U.S.C. Sec. 6801 et seq. (“GLB”) and the implementing regulations issued thereunder and will not use or disclose any Data that Provider furnishes to Credit Bureau(s) through RentReporters on Provider’s consumers or customers other than in accordance with Section 6802(c) or with one of the General Exceptions of Section 6802(e) of the GLB and applicable regulations. Provider will notify RentReporters promptly upon learning that Data supplied is inaccurate or incomplete. Provider will provide RentReporters with any corrections or additional Data necessary to make the Data supplied complete and accurate and will implement procedures to avoid re-reporting Data that is inaccurate. Provider may be liable under state or federal law if Data furnished is false or furnished with malice or willful intent to injure the consumer or with conscious indifference to potential inaccuracies.
III. ENTIRE AGREEMENT AND INTERPRETATION
This Agreement contains the entire agreement relating to its subject matter between the parties and supersedes any prior or contemporaneous oral or written agreements or representations and may only be modified in writing. This Agreement will be interpreted in accordance with the laws of the State of California.