STORAGE FEES-LIENHOLDER NOTICE

Amends the Labor and Storage Lien Act and the Labor and Storage Lien (Small Amount) Act. Provides that an entity seeking to impose storage fees in connection with the furnishing of storage for a vehicle must provide written notice, by certified mail, to the lienholder of record prior to the assessment and accrual of such fees. Provides that the notice shall include the rate at which fees will be incurred, and shall provide the lienholder with an opportunity to inspect the vehicle on the premises where the vehicle is stored. Provides that payment of the storage fees by the lienholder may be made in cash or by cashier's check, certified check, or wire transfer, at the option of the lienholder. Effective immediately.