The California legislature is considering a bill that would change the options available to self-storage operators in the state who have to advertise a lien sale. Assembly Bill 542 (AB 542) would provide a choice between placing an ad in a local newspaper once a week for two consecutive weeks or advertising once in a newspaper and once on an online-auction website.
If there isn’t a newspaper of general circulation available in the public-notice district where the lien sale will occur or the county in which the self-storage facility is located, operators would have to post an advertisement at least 10 days before the auction in at least six conspicuous places in the neighborhood where the auction will be held, according to the bill.
The measure is supported by the national Self Storage Association (SSA) and California Self-Storage Association (CSSA). The CSSA testified in favor of the bill prior to the May 1 general-assembly vote, the results of which was 78-0. The bill will now move to the senate for consideration, according to a May 8 email newsletter to SSA members.
AB 542 was introduced in February.
Sources:
SSA Magazine Weekly 5/8/23, Newspaper Advertising Bills Advance in California and Texas
California Legislature, AB 542
