An Act relative to notifying automobile lien holders of certain towing and storage costs
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires motor vehicle towing and storage companies to notify lien holders, such as banks or credit unions, when a vehicle is towed or placed in storage. It aims to ensure that lien holders are promptly informed of these costs, preventing potential financial burdens on those holding the title to the vehicle. The bill intends to increase transparency and accountability in the towing and storage industry.
Key provisions
- Towing and storage companies must notify lien holders of towing and storage fees.
- Notifications must include details about the location of the vehicle, the reason for towing or storage, and the associated costs.
- Companies must provide a method for lien holders to pay the fees.
- The bill establishes a process for lien holders to dispute charges.
- The Department of Revenue will oversee compliance with the bill.
- The notification requirements apply to towing and storage of vehicles with active liens.
- The bill clarifies the definition of ‘lien holder’ for the purposes of notification.
Who is affected
- Automobile lien holders (banks, credit unions, etc.)
- Motor vehicle towing and storage companies
- Vehicle owners
- Consumers
- The Department of Revenue
Notable changes
- Requires proactive notification of towing and storage fees to lien holders.
Bill text
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Sponsors
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2 on record
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Cosponsor
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