This bill changes how landlords are able to calculate late fees on their tenants. Previously, the late fee cap was 5% of the total amount due. Under this bill, the late fee cap changes to just 5% of the unpaid rent only. CPAC opposes legislation which erodes property rights and hurts small businesses and opposes this bill. The House passed this bill on 2025-02-14 by a vote of 121-12. The Senate passed this bill on 2025-04-04 by a vote of 44-0. The bill later became law.