AR HB1027

Amends Arkansas Code § 18-16-407 to define "independent bidder" as any person or entity that participates in a storage facility sale by making a monetary offer, being physically present, or viewing the sale online.

Defines "commercially reasonable manner" as advertising practices consistent with dealers in the type of personal property being sold or removed.

Establishes that a sale is conducted in a commercially reasonable manner if at least three (3) independent bidders participate in the sale.

Allows storage facility operators to send default notices via email instead of first class mail if the occupant provides an email address and gives permission for electronic notification.

Requires operators to retain copies of all notices and return receipts for six (6) months following the date of the lien sale or removal of personal property.