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MO HB1225

Bill

Status

Passed

7/10/2014

Primary Sponsor

Warren Love

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Extends default period before operator can sell stored property from 30 to 45 days of non-payment.

  • Adds "electronic mail" as an acceptable method for notifying occupants and lienholders of default and sale proceedings, in addition to first-class mail and verified mail.

  • Allows operators to tow vehicles, watercraft, or trailers as abandoned property after 60 days of unpaid rent without liability for damage once the tow company takes possession.

  • Establishes that late fees of $20 or 20% of monthly rent (whichever is greater) are presumed reasonable and not a penalty, while allowing operators to charge higher fees if proven reasonable.

  • Requires occupants to disclose third-party owners of stored property and allows operators to limit liability based on maximum property value stated in rental agreements.

Legislative Description

Changes the laws regarding the Self-Service Storage Facilities Act

Last Action

Delivered to Secretary of State (G)

7/10/2014

Committee Referrals

Rules2/27/2014
Special Standing Committee on Small Business1/9/2014

Full Bill Text

No bill text available