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OMVIC Chapter 1-18 (Latest Questions With Correct Answers) LATEST UPDATE 2025 Rated A+
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OMVIC Chapter 1-18 (Latest Questions With Correct Answers) LATEST UPDATE 2025 Rated A+
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SCORE MOREOMVIC Chapter 1-18 (Latest Questions With
Correct Answers) LATEST UPDATE 2025
Rated A+
What is the primary legislation governing Ontario's retail automotive sector?
Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA?
OMVIC
List Three Functions carried out by OMVIC
1) Administers and enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people compose OMVICS board of directors? How many dealers ? How many consumers?
12 total
9 dealer
3 consumer
, SCORE MORE
Briefly explain the "Transactional Fee Program"
Under the transaction fee program , dealer are required to remit $10 for each vehicle sold or leased
(included fleet and "as is" transactions ) to OMVIC. These funds are remitted annually with the dealers
registration renewal fee.
True or False: The transaction fee can be passed along to the customer?
True
True or False: Under the Transaction Fee Program, dealers are required to remit $10 (to OMVIC) for
each retail vehicle sold or leased?
True
What information is OMVIC required to make available to the public?
1) A dealer's business name, address and phone number
2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesperson
Should OMVIC determine a dealers advertising to be false or misleading, what powers does OMVIC have
to stop or correct it?
OMVIC may issue an order requiring the dealer to cease publication and/or issue a retraction or
correction
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