Virginia law § 46.2-1568 prohibits manufacturers and distributors from coercing retail motor vehicle dealers into selling extended service contracts, maintenance plans, or transferring retail installment contracts or leases to specific finance or leasing companies. The law aims to prevent undue influence or pressure on dealers through threats, promises, or contractual conditions. Violations can lead to penalties for the offending parties.
Manufacturers and distributors cannot coerce dealers into selling certain service plans or transferring retail installment contracts through threats, promises, or contractual conditions.
Retail motor vehicle dealers in Virginia are protected from coercion by manufacturers or distributors regarding sales, service contracts, or lease transfers.
Violations can result in legal penalties, which may include fines or other sanctions, though specific penalties depend on enforcement actions.
Yes, it applies to any manufacturer, distributor, or their affiliates, officers, or agents involved in the retail motor vehicle industry within Virginia.