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ARTICLE · 07 MAY 2014

Storage Wars! Round One - Still A Long Road To Stop RSLA Storage Abuses

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Ontario is taking the next step in its plan to help reduce the amount of time a vehicle can be stored after an accident from 60 days to a shorter time frame.

CanadaFinance and Banking
Eleonore Morris
Eleonore Morris
Jonathan Fleisher
Jonathan Fleisher
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Ontario is taking the next step in its plan to help reduce the amount of time a vehicle can be stored - incurring charges - after an accident without notice to the driver or other parties having an interest in the vehicle (such as an equipment financier) from 60 days to a shorter time frame.

Bill 171, Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014, ("the Bill") has passed its second reading and was heard before the Standing Committee of General Government. If the Bill is ultimately passed and given royal assent, it will amend provisions of the Repair and Storage Lien Act (Ontario) ("RSLA") to include provisions where special – and shorter - notice must be delivered for articles received by a storer of a "prescribed class.

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