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WeVote Research Nonpartisan
Bill Summary · SB 304

Legislative bill overview

SB 304 establishes new duties and responsibilities for lienholders (creditors with a legal claim on a vehicle) regarding motor vehicle towing and storage charges. The bill clarifies what obligations lienholders have when a vehicle they have a lien on is towed and stored, and likely addresses cost allocation and notification requirements in these situations.

Why is this important

Towing and storage charges can accumulate rapidly and create significant financial burdens for vehicle owners and lienholders. Clear statutory duties help prevent disputes over who pays these costs, protect consumers from excessive fees, and ensure lienholders are informed about vehicles in their possession so they can make timely decisions about redemption or abandonment.

Potential points of contention

  • Cost responsibility: Whether lienholders should bear towing/storage costs, share them with owners, or only pay after a certain threshold, affecting lender profitability and consumer protection
  • Notification timelines: How quickly lienholders must be notified of towing/storage and whether current notice periods are adequate, balancing creditor rights with practical communication constraints
  • Excessive fee prevention: Whether the bill adequately caps storage rates or requires competitive bidding for towing services, or if it lacks sufficient consumer protections against inflated charges

Compiled from official sources — confirm details with the bill’s official record.

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