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
Wasson, Jay
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