(1) Within three days of receiving a damaged or defective recreational vehicle from the grantor, the dealer shall:
(a) Notify the grantor in writing of the damage or defect; and
(b)(A) Ask the grantor to permit the dealer to repair the damage or correct the defect at the expense of the grantor; or
(B) Reject the vehicle.
(2) A dealer may reject a vehicle if, within 10 days of receiving the dealer’s notice, the grantor does not permit a dealer to repair the damage or correct the defect at the grantor’s expense.
(3) If a dealer rejects a vehicle, the grantor must repurchase the vehicle within 10 business days. The repurchase price shall include the costs of delivery and financing necessary to keep the vehicle in stock.
(4) Rejection of a vehicle releases the dealer from any obligation to the grantor to pay for the vehicle.
(5) A dealership agreement may extend the term by which a dealer must notify the grantor of a damaged or defective vehicle. [2003 c.377 §14]
Section: Previous 650.340 650.350 650.360 650.370 650.380 650.390 650.400 650.410 650.420 650.430 650.440 650.450 650.460 650.470 650.480 NextLast modified: August 7, 2008