We have compiled the latest news and resources related to the self storage industry in your state.
Our bill authorizing facilities to sell self storage insurance overwhelming passed the House and Senate in 2017; however, it was not signed into law by the Governor. We are in the early planning stages of having the bill reintroduced in 2019.
The NMSSA is currently looking into legislative updates to your lien law. Among the included possible changes are the introduction of limited lines insurance and standardized late fees as well as giving operators the choice as to where they can advertise auctions. At this time, the New Mexico state legislature has introduced two new bills focused on these areas.
Please click here to view bill SB 141 regarding lien modernization and click here to view bill SB 301 regarding limited line insurance authorization.
We have a history of success in enacting positive change for our members. In the past, we have expanded upon the notification options available to facility operators while also updating vehicle lien laws, saving New Mexico self storage business owners unnecessary expenses. Please contact us if you have any questions.
Learn about the latest in self storage news and industry updates in your state!
Check out the latest quarterly edition of the newsletter, filled with information designed for the self storage professional.
Unsure about a detail in your state lien law? Click here to download your state lien law.
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