OMVIC FINAL EXAM QUESTIONS AND ANSWERS A GRADE 2023.
What is the primary legislation governing Ontario's retail automotive sector? - ANSWER MVDA Which body or agency enforces MVDA? - ANSWER MVOIC How many people compose OMVIC's board of directors? - ANSWER 12 in total, 9 dealers and 3 consumer reps What is the "transaction fee program"? - ANSWER under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers registration renewal fee.
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