Change provisions of the Motor Vehicle Industry Regulation Act

LB 667 amends Nebraska's Motor Vehicle Industry Regulation Act to require new vehicle manufacturers and distributors to pay dealers fair compensation for warranty service work, including diagnostics, repairs, parts, and labor. It mandates that compensation rates match what dealers charge retail customers for similar services (excluding routine maintenance like oil changes, tire replacements, or brake work), and sets clear rules for calculating part markups based on dealers' actual retail sales data. Manufacturers must provide written schedules of compensation and cannot unreasonably deny dealer requests for adjusted time allowances or payment rates. The bill directly affects new vehicle dealers and manufacturers by standardizing warranty payment terms and preventing unfair financial burdens.