LD1296

This bill amends the law governing watercraft franchisor warranty reimbursements.

This bill amends the law governing watercraft franchisor warranty reimbursements by requiring the franchisor to compensate the franchisee for parts used to conduct a specific warranty repair and, for a part provided by the franchisor, the difference between the cost of the part and the retail price of the 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 customarily charged for any parts provided used by the franchisee to satisfy the warranty.