This law in relevant part states:
(A) Personal property shall be removed and a complete and accurate confidential inventory shall be made. Said items shall be securely stored for a minimum of 60 days. It is required that the repossession agency notify the consumer of this inventory by written notice or by personal service. See 7507.9
2. The repo agency may charge the debtor for storing personal effects under Sections 7507.9 and 9(d). It states in part, "The inventory shall include; an itemization of all personal effects and storage charges that will be made by the repossession agency".
3. The law gives the repossession agency 48 hours to give you a Notice of Seizure that provides you with the name and contact information of both the legal owner and the repossession agency. As shown above you must also be given an Inventory of Personal Effects that includes a list of your personal property in the vehicle when it was taken, as well as information about how to recover your property and the amount of storage fees.
So, YOU SHOULD BE ABLE TO DISPUTE THE $500 CHARGES SINCE THEY DID NOT GIVE YOU PROPER NOTICE. To do that you can show them this law and if they don't adjust the charges to a reasonable amount, you can sue the storage company in court under what is known as a declaratory judgment action and get a court order that states that you only owe XYZ dollars instead of $500.00 because of a lack of proper notice.
Here is the law.
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