New NYS Labor Time Warranty Law
What Does This Mean For Dealers?
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On September 4, 2024, Governor Kathy Hochul signed landmark legislation into law that requires vehicle manufacturers to fully compensate dealers for the actual time it takes to diagnose and perform warranty and recall repairs. The law that went into effect at signing sets up a process where dealers are to be reimbursed for the same time allotted by a third-party labor time guide.
While New York is now the 3rd state in the country to pass a Labor Time Warranty reimbursement law – Wisconsin, and Illinois already passed theirs – New York’s requirements are set up differently.
This Webinar will explain what this legislation means for your dealership and what are the next steps dealers need to take and what they should expect from their OEM.
Presenters:
- Russ McRory - Partner, ArentFox Schiff
- Douglas Clark - Co-Managing Partner, Shenker Russo & Clark
- Frank O'Brien - CPA, CIA, CFE, Partner, Withum
- Jim McGrath - Member, Bond, Schoeneck & King PLLC