(1) A grantor or warrantor shall:

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(a) Assume the liability imposed upon a dealer because of defects in products the grantor or warrantor supplied to the dealer; and

(b) Notify a dealer of:

(A) A recall of a product.

(B) The dates by which parts and equipment, including tires and chassis and parts of chassis, will be available to remedy defects.

(2) If a grantor or warrantor notifies a consumer of a recall of a product, the grantor or warrantor shall inform the consumer of the dates on which parts and equipment, including tires and chassis and parts of chassis, will be available to remedy defects.

(3)(a) If a grantor provides parts to a dealer to perform services pursuant to the grantor’s recall of a product, after the dealer performs the services, the dealer may return, and the grantor shall accept, unused parts in excess of the dealer’s needs.

(b) If a dealer returns parts under this subsection, the grantor shall credit the dealer’s account with the cost of the parts.

(4) If a warrantor provides parts to a dealer to perform services pursuant to the warrantor’s recall of a product, after the dealer performs the services, the dealer may return, and the warrantor shall accept, unused parts in excess of the dealer’s needs. [2003 c.377 § 11]