The bill amends the Michigan Marina and Boatyard Storage Lien Act by updating the conditions under which a facility owner can enforce a lien on property. Specifically, it establishes that a facility owner may enforce a lien if a property owner is in default for more than 60 days without a prior lienholder or more than 180 days with a prior lienholder. The bill also clarifies the process for notifying property owners and lienholders of the lien, including the requirement to send a notice of default and publish an advertisement of the sale. Additionally, it specifies the order in which proceeds from the sale must be applied, including covering the facility owner's expenses, satisfying the lien, and paying any surplus to the property owner.
Further changes include the limitation of a facility owner's liability to the net proceeds from the sale and the stipulation that a facility owner can only assert one lien against a property for related services. The bill also modifies the language regarding notices, ensuring they are sent to the correct addresses and clarifying the conditions under which a property owner may access their property. Overall, the amendments aim to streamline the lien enforcement process while protecting the rights of both facility owners and property owners.
Statutes affected: House Introduced Bill: 570.375