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Bill might not include boat dealer exemption - Trade Only Today

Bill might not include boat dealer exemption

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An amendment to the Bureau of Consumer Financial Protection bill by Sen. Sam Brownback, R-Kan., would exempt car dealers from certain financial paperwork.

If passed, the amendment - which currently does not exempt boat dealers - could indirectly leave the marine industry with increased length-of-cancellation periods after the signing of financial contracts and limited compensation for arranging financing.

Brownback has said he's open to including boat and RV dealers, but needs support from other senators.

The Marine Retailers Association of America is urging dealers to contact their senators by phone at (202) 224-3121 and use several talking points provided by MRAA in their discussion to urge senators to support the amendment change.

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