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NC S263
Bill
AI Summary
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Expands the definition of "personal property" subject to self-storage liens to include watercraft in addition to goods, merchandise, and household items.
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Allows self-storage facility owners to deliver lien sale notices by electronic mail in addition to first-class mail, and permits notice publication through "any commercially reasonable manner" rather than only newspapers.
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Authorizes conducting sales through online, publicly accessible auction websites as an alternative to in-person auctions, while maintaining the 20-day notice requirement before sale.
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Increases maximum late fees for self-storage rental contracts from 15% of rental payment to the greater of $20.00 or 20% of the rental payment, with fees only imposed if rent is 5 or more days late.
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Clarifies that watercrafts and trailers (in addition to motor vehicles) can be towed after 60 days of unpaid rent and related charges.
Legislative Description
Liens/Self-Service Storage Facilities
Last Action
Ref to Commerce. If fav, re-ref to Finance
3/13/2013