Mayor Signs Airbnb Disclosure Rules into Law
Mayor Bill de Blasio recently signed into law a landmark bill that forces home-sharing companies such as Airbnb to disclose information about its New York City hosts. The new law will take effect in February 2019 and requires Airbnb to disclose the names and addresses of its hosts. The information will be turned over to the Mayor’s Office of Special Enforcement.
Home-sharing companies will face a fine of up to $1,500 or the amount of fees collected on the listing in the preceding year, whichever is greater, for each listing they report improperly or fail to disclose. City Council members pushed the law as a way to help the city to go after unscrupulous landlords who turn apartments into illegal hotels.