Missouri, Pennsylvania Update Lien Laws

Posted by Modern Storage Media on Jul 15, 2024 1:32:17 PM

Last week, Missouri Governor Mike Parsons approved a bill allowing self-storage operators to offer tenant insurance with a maximum coverage of $15,000. This law takes effect on August 28, 2024. Current law limits tenant insurance offered by storage operators to $5,000.

 

Additionally, Pennsylvania Governor Josh Shapiro signed a bill dealing with the advertising component of the state’s lien law. Currently, the law allows operators to advertise their sales once in a newspaper and once online in lieu of advertising twice in a newspaper.

 

House Bill 1818 provides that the operator may use the online ad to determine the sale date if the newspaper advertisement fails to be timely published by the newspaper. This provides relief to operators who are frustrated by errors committed by the newspapers. The bill takes effect on Aug. 27, 2024.