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2000 SESSION

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SB 366 Self-service storage facilities; liens.

Introduced by: Charles R. Hawkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Self-service storage facilities; liens. Requires the self-service storage facility owner to notify the lienholder of record on personal property having a fair market value in excess of $1,000 (current law is $600) of a proposed public auction of the property due to default. The owner is not obligated to hold any balance for a properly notified lienholder or other lien creditor if not claimed within 30 days. The bill also provides that the owner's legal remedies are not limited to those spelled out in the Virginia Self-Service Storage Act.


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