FL S0466

Prohibits manufacturers, factory branches, distributors, and importers from denying warranty or recall repair claims, reducing dealer compensation, or processing chargebacks when dealers discover needed repairs during separate consumer service or notify consumers of recalls after official notice is issued.

Requires manufacturers to compensate dealers for used vehicles subject to recall notices that cannot be repaired within 30 days due to unavailable parts or remedies, unless the manufacturer has authorized the vehicle to be sold before repair completion.

Mandates compensation at the greater of 1.5 percent per month of the vehicle's Black Book value or under a national program covering dealer holding costs, calculated from the 31st day after recall issuance, vehicle acquisition, or July 1, 2017, whichever is latest.

Requires manufacturers to pay compensation within 30 days of receiving dealer payment applications submitted monthly through the manufacturer's warranty system or another non-burdensome system.

Applies retroactively to recall notices issued before July 1, 2017, and excludes motorcycle manufacturers from these requirements.