60-1462.

Warranty part; reimbursement to dealer.

A dealer that replaces a warranty part shall be paid the following by the warrantor that issued the warranty for such warranty part:

(1) The actual wholesale cost paid by the dealer for the warranty part;

(2) A handling charge equal to the lesser amount of:

(a) Thirty percent of the actual wholesale cost paid by the dealer for the warranty part. If a part is sent to the dealer at no cost, the warrantor shall pay to the dealer an amount equal to thirty percent of the wholesale cost of the part; or

(b) Three hundred dollars; and

(3) The freight cost to ship to the warrantor the part that was replaced, if the warrantor requests for such part to be shipped to the warrantor.