This bill amends the Equipment Business Regulation Act in Nebraska by introducing new prohibitions on dealer agreements and enhancing protections for dealers. Specifically, it prohibits suppliers from including provisions in dealer agreements that waive compliance with the Equipment Business Regulation Act or state law, as well as restricting jurisdiction or venue to a forum outside Nebraska. Additionally, the bill removes the authorization for dealers to waive their opportunity to return surplus repair parts, ensuring that suppliers must allow dealers to return parts under specified conditions.

Furthermore, the bill outlines the requirements for suppliers regarding the availability of repair parts and the process for returning surplus parts. Suppliers are mandated to provide dealers with an opportunity to return surplus parts for credit at least annually, with specific guidelines on the conditions and value of parts eligible for return. The bill also clarifies that the supplier must issue credit within ninety days of receiving returned parts and that any agreements providing greater protection to dealers will take precedence over the provisions outlined in this section. The original sections of the law being amended are repealed as part of this legislative update.

Statutes affected:
Introduced: 87-704, 87-706