New York A08552 amends the lien law to regulate the enforcement of liens on personal property at self-storage facilities.

New York A08552 amends the lien law to establish specific procedures for the enforcement of liens on personal property at self-storage facilities. It mandates that liens must be enforced through public sale, with a delay if the tenant is a service member transferred or deployed on active duty or if the tenant has deceased. The bill also requires 60 days' notice for the sale of motor vehicles or watercraft subject to a lien. Additionally, it requires storage facilities to hold surplus funds for a year before depositing them into the state unclaimed property funds account.

New York A08552 amends the lien law to regulate the enforcement of liens on personal property at self-storage facilities.

New York A08552 amends the lien law to establish specific procedures for the enforcement of liens on personal property at self-storage facilities. It mandates that liens must be enforced through public sale, with a delay if the tenant is a service member transferred or deployed on active duty or if the tenant has deceased. The bill also requires 60 days' notice for the sale of motor vehicles or watercraft subject to a lien. Additionally, it requires storage facilities to hold surplus funds for a year before depositing them into the state unclaimed property funds account.