New York A08773 mandates that franchisors compensate their motor vehicle dealers for warranty parts and labor, including repairs and diagnostics.

New York A08773 requires every franchisor, including its affiliates and subsidiaries, to properly fulfill any warranty agreement and/or service contract. It mandates compensation for franchised motor vehicle dealers for warranty parts and labor, covering repairs, diagnostics, and other related services. The bill specifies that compensation should be based on the dealer's declared rate for non-warranty customers, with adjustments allowed once per year. It also outlines procedures for resolving disputes over compensation rates and ensures timely payment of warranty claims.

New York A08773 mandates that franchisors compensate their motor vehicle dealers for warranty parts and labor, including repairs and diagnostics.

New York A08773 requires every franchisor, including its affiliates and subsidiaries, to properly fulfill any warranty agreement and/or service contract. It mandates compensation for franchised motor vehicle dealers for warranty parts and labor, covering repairs, diagnostics, and other related services. The bill specifies that compensation should be based on the dealer's declared rate for non-warranty customers, with adjustments allowed once per year. It also outlines procedures for resolving disputes over compensation rates and ensures timely payment of warranty claims.