Modifies provisions relating to franchisors warranty duties to franchisees

HB 412 modifies Missouri law to clarify franchisors' obligations regarding warranty service provided by franchisees. It requires franchisors to specify in writing what warranty work franchisees must perform and to fairly compensate them for preparation, delivery, and warranty service. The bill mandates compensation based on franchisees' standard retail rates for similar non-warranty work, including diagnostic time and labor, and sets strict timelines for claim processing (30 days for payment after approval). This directly affects franchisees who perform warranty repairs, such as auto dealers or retail service providers, ensuring they are paid reasonably for required warranty work under their franchise agreements.