OMVIC Chapter 1-18 Questions and Answers |100% Pass
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Course
2024/2025
Institution
2024/2025
OMVIC Chapter 1-18 Questions and
Answers |100% Pass
What is the primary legislation governing Ontario's retail automotive sector? - Answer-Moter
Vehicle Dealers Act, 2002
Which body or agency enforces MVDA? - Answer-OMVIC
List Three Functions carried out by OMVIC - Answer-1) Administers and en...
Briefly explain the "Transactional Fee Program" - Answer✔✔-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? - Answer✔✔-True
True or False: Under the Transaction Fee Program, dealers are required to remit $10 (to OMVIC) for each
retail vehicle sold or leased? - Answer✔✔-True
What information is OMVIC required to make available to the public? - Answer✔✔-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? - Answer✔✔-OMVIC may issue an order requiring the dealer to cease publication
and/or issue a retraction or correction
If an order is used to stop or correct false advertising, for how long may the dealer need to seek OMVIC's
pre-approval for future advertising? - Answer✔✔-Up to 2 years
List two possible situations which could result in OMVIC applying to a court to appoint a receiver and
manager to assume temporary control of a dealership. - Answer✔✔-This action might be taken if:
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