HB314 Summary

• Reduces default period requiring denial of access from 30 to 15 days before owner may enforce a lien on stored property.

• Authorizes owners to notify occupants of default and lien enforcement intent by certified first class mail or email, and permits posting notices of sale on publicly available websites instead of requiring newspaper publication only.

• Removes requirements that default notices include property descriptions and denial of access notifications.

• Establishes late fees as either $20 per month or 20 percent of monthly rent (whichever is greater), and specifies that a public sale with three or more unrelated bidders is deemed commercially reasonable.

• Grants service members deployed overseas on active duty for 180+ days an additional 90-day grace period before liens may be enforced, and allows owners to tow motor vehicles or vessels after 60 days of unpaid rent without liability for damage once the tow company takes possession.