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MN HF3864
Bill
Status
2/28/2022
Primary Sponsor
Andrew Carlson
Click for details
AI Summary
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Reduces the required publication period for self-storage lien sales from two weeks to one week (one publication instead of two consecutive weekly publications).
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Shortens the waiting period between first publication and sale from 15 days to 10 days.
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Allows sales to be advertised on independent, publicly accessible websites that advertise self-storage lien sales or public notices as an alternative to newspaper publication.
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Maintains existing 45-day waiting period after default for general personal property and 60-day waiting period for motor vehicles or watercraft before sale can occur.
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Requires self-storage facilities to obtain bidder registration and agreement to sale rules for all bidders, including those participating in online auctions.
Legislative Description
Self-storage personal property publication requirements changed.
Last Action
Introduction and first reading, referred to Commerce Finance and Policy
2/28/2022