Section 257.145. Exchange agreements.

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If replacement of a part is contingent upon the facility keeping the part under an exchange agreement, the facility shall explain in a manner understandable to the customer, the precise terms of the exchange agreement, including a disclosure of the price to the customer if he wishes to reclaim the part. If a customer raises a question or dispute with the facility within 2 business days of the delivery of the vehicle to the customer and the dispute involves an exchange part for which the facility may require of the customer a deposit in the amount of the facility's obligation, the deposit shall be refundable to the customer upon his return of the part to the facility.

History: 1979 AC.

                    
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