Page:United States Statutes at Large Volume 102 Part 3.djvu/870

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PUBLIC LAW 100-000—MMMM. DD, 1988

102 STAT. 2822

Federal Register, publication.

Regulations.

Contracts.

PUBLIC LAW 100-562—OCT. 31, 1988

that has a valid certification under subsection (c)(3)(E) and that is determined to be substantially similar to such motor vehicle shall be treated as having the same defect or failure unless the manufacturer or registered importer demonstrates otherwise to the Secretary, "(B) the Secretary shall publish in the Federal Register notice of the defect or failure referred to in subparagraph (A), and "(C) the registered importer shall be treated as the manufacturer with respect to any motor vehicle that it— "(i) imports, or "(ii) brings into conformity with applicable Federal motor vehicle safety standards on behalf of an individual under subsection (f). "(2) The Secretary shall, by regulation, require each registered importer (and any successor in interest) to provide and maintain evidence, satisfactory to the Secretary, of sufficient financial responsibility to meet its obligations under part B of this title (relating to discovery, notification, and remedy of motor vehicle defects). "(e) Subsections (a)(1)(A) and (c)(1) shall not apply to any motor vehicle or item of motor vehicle equipment if— "(1) the motor vehicle or item of equipment requires further manufacturing to perform its intended function (as determined under regulations prescribed by the Secretary), and "(2) it is accompanied at the time of entry by a written statement which is issued by the manufacturer of the incomplete motor vehicle or item of equipment which indicates the applicable Federal motor vehicle safety standard with which such motor vehicle or item is not in compliance. "(fKD Subsections (a)(l)(A) and (c)(1) shall not apply to any motor vehicle that is imported— "(A) after the effective date of the regulations initially issued to implement the amendments made to this section by the Imported Vehicle Safety Compliance Act of 1988, and "(B) for personal use, and not for purposes of resale, by any individual (other than an individual described in subsections (g) and (h)), if that individual takes the actions required by paragraph (2). "(2) To receive an exemption under paragraph (1) an individual shall— "(A) furnish to the Secretary of the Treasury (acting on behalf of the Secretary)— "(i) an appropriate bond in an amount determined under subsection (c)(2), "(ii) a copy of a contract or other agreement with an importer registered under subsection (c) for bringing such vehicle into conformity with applicable Federal motor vehicle safety standards, and "(iii) a certification that such vehicle meets the requirement set forth in clause (i)(I) or (II) of subsection (c)(3)(A), and "(B) comply with such terms and conditions as the Secretary shall impose as being appropriate to ensure that such motor vehicle— "(i) will be brought into conformity with all applicable Federal motor vehicle safety standards within a reasonable time, as specified by the Secretary, after such importation, or