2/6/25, 6:53 AM (SOLVED) OMVIC Chapter 1-18 (2025 update) COMPLETE QUESTIONS AND VERIFIED ANSWERS (Elaborated) Aready gra…
(SOLVED) OMVIC Chapter 1-18 (2025 update)
COMPLETE QUESTIONS AND VERIFIED
ANSWERS (Elaborated) Aready graded A+!!
Save
Terms in this set (59)
What is the primary Moter Vehicle Dealers Act, 2002
legislation governing
Ontario's retail
automotive sector?
Which body or agency OMVIC
enforces MVDA?
1) Administers and enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
List Three Functions
4) Conducts investigations
carried out by OMVIC
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people 12 total
compose OMVICS board 9 dealer
of directors? How many 3 consumer
dealers ? How many
consumers?
Under the transaction fee program , dealer are
Briefly explain the required to remit $10 for each vehicle sold or leased
"Transactional Fee (included fleet and "as is" transactions ) to OMVIC.
Program" These funds are remitted annually with the dealers
registration renewal fee.
https://quizlet.com/1002267646/solved-omvic-chapter-1-18-2025-update-complete-questions-and-verified-answers-elaborated-aready-graded-a-f… 1/13
, 2/6/25, 6:53 AM (SOLVED) OMVIC Chapter 1-18 (2025 update) COMPLETE QUESTIONS AND VERIFIED ANSWERS (Elaborated) Aready gra…
True or False: The True
transaction fee can be
passed along to the
customer?
True or False: Under the True
Transaction Fee Program,
dealers are required to
remit $10 (to OMVIC) for
each retail vehicle sold or
leased?
1) A dealer's business name, address and phone
number
What information is
OMVIC required to make 2) A salespersons name
available to the public?
3) Any proposal to refuse to renew, suspend or
revoke the registration of a dealer or salesperson
Should OMVIC OMVIC may issue an order requiring the dealer to
determine a dealers cease publication and/or issue a retraction or
advertising to be false or correction
misleading, what powers
does OMVIC have to
stop or correct it?
If an order is used to stop Up to 2 years
or correct false
advertising, for how long
may the dealer need to
seek OMVIC's pre-
approval for future
advertising?
https://quizlet.com/1002267646/solved-omvic-chapter-1-18-2025-update-complete-questions-and-verified-answers-elaborated-aready-graded-a-f… 2/13
(SOLVED) OMVIC Chapter 1-18 (2025 update)
COMPLETE QUESTIONS AND VERIFIED
ANSWERS (Elaborated) Aready graded A+!!
Save
Terms in this set (59)
What is the primary Moter Vehicle Dealers Act, 2002
legislation governing
Ontario's retail
automotive sector?
Which body or agency OMVIC
enforces MVDA?
1) Administers and enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
List Three Functions
4) Conducts investigations
carried out by OMVIC
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people 12 total
compose OMVICS board 9 dealer
of directors? How many 3 consumer
dealers ? How many
consumers?
Under the transaction fee program , dealer are
Briefly explain the required to remit $10 for each vehicle sold or leased
"Transactional Fee (included fleet and "as is" transactions ) to OMVIC.
Program" These funds are remitted annually with the dealers
registration renewal fee.
https://quizlet.com/1002267646/solved-omvic-chapter-1-18-2025-update-complete-questions-and-verified-answers-elaborated-aready-graded-a-f… 1/13
, 2/6/25, 6:53 AM (SOLVED) OMVIC Chapter 1-18 (2025 update) COMPLETE QUESTIONS AND VERIFIED ANSWERS (Elaborated) Aready gra…
True or False: The True
transaction fee can be
passed along to the
customer?
True or False: Under the True
Transaction Fee Program,
dealers are required to
remit $10 (to OMVIC) for
each retail vehicle sold or
leased?
1) A dealer's business name, address and phone
number
What information is
OMVIC required to make 2) A salespersons name
available to the public?
3) Any proposal to refuse to renew, suspend or
revoke the registration of a dealer or salesperson
Should OMVIC OMVIC may issue an order requiring the dealer to
determine a dealers cease publication and/or issue a retraction or
advertising to be false or correction
misleading, what powers
does OMVIC have to
stop or correct it?
If an order is used to stop Up to 2 years
or correct false
advertising, for how long
may the dealer need to
seek OMVIC's pre-
approval for future
advertising?
https://quizlet.com/1002267646/solved-omvic-chapter-1-18-2025-update-complete-questions-and-verified-answers-elaborated-aready-graded-a-f… 2/13
