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CO HB1117
Bill
Status
Passed
3/22/2018
Primary Sponsor
Kevin Van Winkle
Click for details
AI Summary
- Rental agreements for self-service storage facilities must include notice that stored articles will be sold or otherwise disposed of if no payment is received for 30 consecutive days
- Rental agreements must require occupants to disclose any lienholders with an interest in property being stored at the facility
- Storage facility owners may charge a reasonable late fee of $20 or 20% of monthly rental amount (whichever is greater) for unpaid rent, which can be included as part of the lien if stated in the rental agreement or addendum
- If a rental agreement limits the aggregate value of stored property, that limit is deemed the maximum value of the stored property
- Before enforcing a lien by sale or disposal, facility owners must check with the Colorado Secretary of State to determine if a financing statement has been filed under the Uniform Commercial Code
Legislative Description
Self-service Storage Facility Personal Property Liens
Last Action
Governor Signed
3/22/2018
Committee Referrals
Business, Labor, & Technology2/21/2018
Business Affairs and Labor1/19/2018
Full Bill Text
No bill text available