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Senate committee advances bill letting storage facilities advertise delinquent-unit sales online; newspapers warn of lost local notice
Summary
The Senate Insurance & Commerce Committee voted to advance House Bill 1027 as amended, which makes newspaper advertising optional for storage-unit auctions and allows online and social-media notices; owners say online platforms attract more bidders and higher sale prices, while newspaper leaders warned the change reduces local public notice.
The Senate Insurance & Commerce Committee voted to advance House Bill 1027, which would allow owners of delinquent self‑storage units to advertise sale notices online and on social media rather than being required to place a newspaper ad.
Sponsor Senator Ricky Hill told the committee the change would modernize a statute written in 1987 and give facility owners more options to reach bidders while preserving the ability to use newspapers if owners prefer. “We're just giving another option,” Hill said during his closing remarks.
Supporters from the storage industry said online platforms reach a much larger bidder pool and can yield higher prices that protect tenants' remaining equity. Charles Snapp, who identified himself as a…
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