41-3-405. Sale of third party warranty or service contract -- Remission of fee.
(1) If a dealer licensed under this chapter sells a third party warranty or service contract
to a customer, the dealer shall within 15 days remit the fee paid by the customer to the warranty
or service contract company.
(2) Failure of a dealer to remit the fee within 15 days is a ground for dealer license
suspension and allows the customer a cause of action against the dealer for damages that
otherwise would have been covered by the warranty or service contract.
Renumbered and Amended by Chapter 234, 1992 General Session
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Last revised: Thursday, May 28, 2009