SB 867 - Wasson, Jay
Modifies requirements for a franchisor to own a minority ownership in an entity that owns motor vehicle dealership and warranty reimbursement rates for motor vehicle franchises
Bill Details
Sponsor
LR Number
5778S.03I
Title
SB 867
House Handler
N/A
Journal Page
Effective Date
August 28, 2014
Committee
Current Status
Second Read and Referred S Transportation and Infrastructure Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 867 - This act modifies the required distance from an unaffiliated new motor vehicle dealership for a franchisor to own a minority interest in an entity that owns a motor vehicle dealership of the same line-make. This act also modifies the warranty reimbursement for motor vehicle franchises when dealing with trucks licensed at a gross weight of eighteen thousand pounds or more. This act creates a different scheme for determining reasonable compensation for warranty services so that franchisees performing warranty services for trucks licensed at a gross weight of eighteen thousand pounds or more are compensated at their full nonwarranty service rate. This act also requires compensation under the same scheme when a franchisor provides parts to a franchisee for warranty services, less the cost of the provided parts.
This act is similar to HB 1634 (2014).
MICHELA BIRK