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SPONSOR: |
Smith |
DATE TYPED: |
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HB |
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SHORT TITLE: |
Recreational Vehicle Franchise Agreements |
SB |
240 |
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ANALYST: |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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NFI |
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Responses
Received From
Attorney
General’s Office (AGO)
No
Response From
Taxation
and Revenue Department (TRD)
SUMMARY
Synopsis
of Bill
Senate Bill 240 amends
the Motor Vehicle Dealers Franchising Act NMSA, 57-16-1 et. seq. to require
written franchise or sales agreements between recreational vehicle manufacturer
or distributors and recreational vehicle dealers shall include the rates
charged by a dealer for performing warranty services.
Significant
Issues
SB 240 provides access to information regarding
the amount charged by a dealer for warranty services in advance of the services
needing to be performed.
The AGO notes that if the contract does not
specify the amount charged for warranty work, the manufacturer and dealer may
not agree on a price beforehand and
dispute over the amount due, thereby causing a delay in the repair of a consumer’s
vehicle.
ADMINISTRATIVE IMPLICATIONS
TRD will be able to
ensure implementation of the provision of SB 240 with existing staff.
DW/yr