[Previous] [Next]

47-1112.1.


47-1112.1.
   
   A. Every dealer shall disclose in writing to the purchaser of a new or
   previously unregistered motor vehicle, prior to entering into a
   contract for the vehicle or, if unknown at that time, prior to
   delivery of the vehicle, the following information:
   
   1. Any material damage known by the dealer to have been sustained by
   the vehicle and subsequently repaired; and
   
   2. Any damage, including but not limited to material damage or flood
   damage, known by the dealer to have been sustained by the vehicle and
   not repaired.
   
   B. For purposes of this section, "material damage" means damage
   sustained by a motor vehicle as follows:
   
   1. The damage required repairs having a value, including parts and
   labor calculated at the repairer's cost, exceeding three percent (3%)
   of the manufacturer's suggested retail price of the vehicle or Five
   Hundred Dollars ($500.00), whichever is greater. The replacement of
   damaged or stolen components, excluding the cost of repainting or
   refinishing those components, if replaced by the installation of new
   original manufacturer's equipment, parts, or accessories that are
   bolted or otherwise attached as a unit to the vehicle, including but
   not limited to, the hood, bumpers, fenders, mechanical parts,
   instrument panels, moldings, glass, tires, wheels, and electronic
   instruments, shall be excluded from damage calculation, except that
   any damage having a cumulative repair or replacement value which
   exceeds ten percent (10%) of the manufacturer's suggested retail price
   of the vehicle shall be deemed material damage;
   
   2. The damage was to the frame or drive train of the motor vehicle;
   
   3. The damage occurred in connection with a theft of the entire
   vehicle; or
   
   4. The damage was to the suspension of the vehicle requiring repairs
   other than wheel balancing or alignment.
   

[Previous] [Next]