The New Mexico Self Storage Association, together with the national Self Storage Association, is working on a number of issues to protect and improve your regulatory arena. Last year the NMSSA updated lien law provisions consistent with recent improvements in other states.
The new law (SB 311) became effective on June 20, 2015, the updates to the current law are listed below:
New Mexico Lien Law
- Permits lien notices to be sent by either verified mail (any method of mailing that provides evidence of mailing) or electronic mail. Email must be sent by a method that provides a receipt of delivery.
- Permits the towing of vehicles, boats and trailers when rent is 60 or more days past due. The towing must be conducted by an insured towing company. Owner must send notice providing contact information of towing company within one day of towing the property. Owner shall have no liability for loss of or damage to vehicle, boat or trailer once it is towed.