This bill amends the law governing watercraft franchisor warranty reimbursements by requiring the franchisor to compensate the franchisee for parts used by the franchisee to conduct a specific warranty repair and, for a part provided by the franchiser, the difference between the cost of a part and the retail price of a part, which may not exceed 100% of the reimbursement cost of the labor to perform the repair. The bill also requires that labor billed by a franchisee to perform a warranty repair be reasonable and supported by the franchisee's records.

Statutes affected:
Bill Text LD 1296, SP 526: 10.1197