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MO HB1225
Bill
Status
7/10/2014
Primary Sponsor
Warren Love
Click for details
AI Summary
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Extends default period before operator can sell stored property from 30 to 45 days of non-payment.
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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.
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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.
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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.
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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