Virginia law § 46.2-1573.27 prohibits manufacturers and distributors from coercing retail motorcycle dealers into selling extended warranties or transferring retail installment sales contracts to specific finance companies. The law aims to prevent undue pressure and ensure fair treatment of dealers. Violations can result in penalties for the offending parties.
Virginia law prohibits manufacturers and distributors from coercing motorcycle dealers into selling extended warranties or transferring retail installment contracts to specific finance companies through threats, promises, or implied obligations.
Retail motorcycle dealers in Virginia are protected from coercion by manufacturers or distributors concerning sales of extended warranties and retail installment contracts.
Violations of Virginia's law can result in penalties, including fines or other legal actions, against manufacturers or distributors who unlawfully coerce dealers.
This law specifically applies to retail motorcycle dealers in Virginia and their interactions with manufacturers and distributors regarding sales contracts and extended warranties.