SB934 Summary

• Amends Arkansas motor vehicle law to exclude motor homes from the definition of "motor vehicle" and removes references to motor homes from "line make" definitions, creating separate regulatory treatment for recreational vehicles

• Establishes a new Recreational Vehicle Franchise Act (Subchapter 10) creating comprehensive licensing and regulatory requirements for recreational vehicle manufacturers, distributors, dealers, and salespersons

• Provides protections for recreational vehicle dealers including restrictions on termination of dealer agreements without good cause, requirements for 90-day notice, dealer inventory repurchase obligations, and restrictions on coercive practices by manufacturers

• Sets licensing fees ($900 for manufacturers/distributors, $100 for dealers, $15 for salespersons) and requires dealers to maintain $50,000 surety bonds and obtain liability insurance

• Establishes warranty obligations requiring warrantors to compensate dealers fairly for warranty work, provide diagnostic and labor compensation, and indemnify dealers against losses caused by warrantor negligence; effective January 1, 2014