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Committee advances bill to shorten repossession storage period to 30 days and define when a repossession is complete
Summary
The Regulated Industries Committee voted to send HB 1134 to the Rules Committee after proponents said the bill would reduce Georgia’s unpaid vehicle storage period from 70 to 30 days, eliminate a second notice, and clarify when a repossession is legally complete to improve safety and reduce liability.
The Regulated Industries Committee on Thursday advanced HB 1134, a bill that would shorten the unpaid storage period for repossessed vehicles from 70 days to 30 days and add a statutory definition of when a repossession is complete.
Representative New introduced the bill, saying it brings Georgia in line with neighboring states and industry practice. "Georgia currently is they hold your personal property for 70 days with 2 notices…
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