OMVIC Chapter 1-18/ 58 Questions and Answers
2024/2025 (Latest Update)
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
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
, OMVIC Chapter 1-18/ 58 Questions and Answers
2024/2025 (Latest Update)
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
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? - -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. - -This action
might be taken if:
1) If there has been an investigation
2) If the dealership is about to fail
3) If OMVIC is proposing to revoke a registration
4) If a freeze order is about to be made
What is the minimum age requirement to become a dealer? - -18 years old
2024/2025 (Latest Update)
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
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
, OMVIC Chapter 1-18/ 58 Questions and Answers
2024/2025 (Latest Update)
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
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? - -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. - -This action
might be taken if:
1) If there has been an investigation
2) If the dealership is about to fail
3) If OMVIC is proposing to revoke a registration
4) If a freeze order is about to be made
What is the minimum age requirement to become a dealer? - -18 years old
