Virginia law requires motor vehicle manufacturers and related entities to file copies of new or modified franchise and sales agreements with the Commissioner at least 60 days before offering them to dealers. The law ensures these agreements are reviewed for consistency with state regulations before they are offered. It also establishes a process for feedback and timely decisions by the Commissioner.
Manufacturers must file a true copy of new or modified agreements with the Virginia Commissioner at least 60 days before offering them to dealers and ensure they are reviewed for compliance.
No, a franchise or sales agreement cannot be offered or used until the Commissioner has reviewed and determined it does not contain terms inconsistent with Virginia law.
Parties can submit comments within 30 days of receiving the preliminary recommendation, and the Commissioner will issue a final decision within 15 days after reviewing these comments.
It is the responsibility of the motor vehicle manufacturer, factory branch, distributor, or their subsidiaries to file the agreements with the Virginia Department of Motor Vehicles.