agreement with the wholesale vehicle auction that permits the
vehicle to be stored on the property of the wholesale vehicle
auction for a period longer than three business days.
(c) Notice to lienholder.--
(1) A wholesale vehicle auction that intends to remove,
sell or legally obtain ownership of an abandoned vehicle
under this section must submit a written notice to the last
known registered owner of the abandoned vehicle and all
lienholders of record that the abandoned vehicle is being
held as an abandoned vehicle. The written notice may not be
distributed by the wholesale vehicle auction until both
conditions under subsection (b) have been met.
(2) The written notice shall be sent by certified mail
and include return receipt requested.
(3) A wholesale vehicle auction shall provide the
recipient of the written notice a waiting period of no less
than 15 business days after the date the notice was
distributed to respond to the notice.
(4) The notice shall:
(i) Describe the make, model, title number, vehicle
identification number and registration plate number of
the abandoned vehicle, if known.
(ii) State the location where the abandoned vehicle
is being held.
(iii) Inform the owner and any lienholder of the
right to reclaim the abandoned vehicle and the contents
in the abandoned vehicle within 15 days after the date
the notice was mailed at the place where the abandoned
vehicle is being held by the wholesale vehicle auction,
upon payment of any reasonable fee set by the wholesale
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