HB150: AN ACT relating to motor vehicle dealers.

Legislative Summary

Amend KRS 190.010 to amend the definition of "franchise" to include any agreements related to or dependent on an original franchise agreement addendum to the franchise agreement; amend KRS 190.042 to permit a new motor vehicle dealer to propose a successor agreement; amend KRS 190.045 to increase the time allowed for a dealer to respond to notice of cancellation from 15 days to 30 days; amend KRS 190.046 to limit audit and document retention requirements on recall work, and allow a manufacturer to audit a motor dealer if the manufacturer reasonably suspects fraud; amend KRS 190.070 to prohibit manufacturers and other licensees from requiring remodeling of a dealership within 10 years of a previously required improvement, using motor vehicles in transit in any sales formula to the detriment of the dealer, offering the sale of new motor vehicles outside a franchised dealer, or failing to assign reservations and purchase requests received by a manufacturer to a dealer.