OMVIC Chapter 1-18 QUESTIONS WITH
VERIFIED ANSWERS
Practice questions for this set
Terms in this set (59)
,What is the primary Moter Vehicle Dealers Act, 2002
legislation governing
Ontario's retail automotive
sector?
OMVIC
Which body or agency
enforces MVDA?
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 12 total
of directors? How many dealers ? How many 9 dealer
consumers?
3 consumer
Briefly explain the Under the transaction fee program ,
"Transactional Fee dealer are required to remit $10 for
each vehicle sold or leased (included
Program"
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 True
passed along to the customer?
True or False: Under the Transaction Fee True
Program, dealers are required to remit $10
(to OMVIC) for each retail vehicle sold or
leased?
1) A dealer's business name, address
and phonenumber
What information is OMVIC required to make 2) A salespersons name
available to the public?
3) Any proposal to refuse to renew,
suspend orrevoke the registration of
a dealer or salesperson
VERIFIED ANSWERS
Practice questions for this set
Terms in this set (59)
,What is the primary Moter Vehicle Dealers Act, 2002
legislation governing
Ontario's retail automotive
sector?
OMVIC
Which body or agency
enforces MVDA?
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 12 total
of directors? How many dealers ? How many 9 dealer
consumers?
3 consumer
Briefly explain the Under the transaction fee program ,
"Transactional Fee dealer are required to remit $10 for
each vehicle sold or leased (included
Program"
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 True
passed along to the customer?
True or False: Under the Transaction Fee True
Program, dealers are required to remit $10
(to OMVIC) for each retail vehicle sold or
leased?
1) A dealer's business name, address
and phonenumber
What information is OMVIC required to make 2) A salespersons name
available to the public?
3) Any proposal to refuse to renew,
suspend orrevoke the registration of
a dealer or salesperson
