FL H0775

Prohibits manufacturers, factory branches, distributors, and importers from denying warranty or recall repair claims, reducing compensation, or processing chargebacks to dealers when repairs are discovered during unrelated service or when dealers notify consumers of recalls after official notice is issued.

Requires manufacturers to compensate dealers for recalled used motor vehicles held in inventory that cannot be repaired within 30 days due to unavailability of parts or remedies.

Compensation must be paid within 30 days of dealer application and calculated as either 1.5 percent per month of the vehicle's Black Book value or under a national program applicable to all franchised dealers, whichever is greater.

Applications for compensation must be submitted monthly through the manufacturer's existing warranty system or another non-burdensome system established by the manufacturer.

Takes effect July 1, 2017; does not apply to motorcycle manufacturers, distributors, or importers.