Virginia law § 46.2-1573.4 prohibits manufacturers and distributors from coercing retail recreational vehicle dealers into selling or transferring retail installment sales contracts to specific finance companies or persons. The law aims to prevent undue influence or pressure through statements, acts, or contractual conditions that benefit or harm the dealer. Violations can result in penalties for the offending parties.
It prohibits manufacturers and distributors from coercing recreational vehicle dealers into selling or transferring retail installment sales contracts to specific finance companies or persons.
No, any threats, suggestions, promises, or acts intended to coerce a dealer into transferring contracts are unlawful under this law.
Violations can lead to legal penalties, including fines or other sanctions, to prevent coercive practices by manufacturers or distributors.
This law specifically applies to retail recreational vehicle dealers in Virginia and their dealings related to retail installment sales contracts.