Loading chat...

MN HF3864

Bill

Status

Introduced

2/28/2022

Primary Sponsor

Andrew Carlson

Click for details

Origin

House of Representatives

92nd Legislature 2021-2022

AI Summary

  • Reduces the required publication period for self-storage lien sales from two weeks to one week (one publication instead of two consecutive weekly publications).

  • Shortens the waiting period between first publication and sale from 15 days to 10 days.

  • 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.

  • 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.

  • 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

Committee Referrals

Commerce Finance & Policy2/28/2022

Full Bill Text

No bill text available