Sec. 5. (a) This section does not apply to dealers selling new manufactured homes or trailers.
(b) A dealer proposing to sell new motor vehicles or watercraft shall file and maintain with the secretary:
(1) a current copy of each franchise to which the dealer is a party; or
(2) if the dealer is a party to multiple franchises that are identical except for stated items, a copy of the franchise form with supplemental schedules of variations from the form.