OMVIC Chapter 1-18 | 2025 UPDATE | MOST
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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.
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
TESTED QUESTIONS WITH VERIFIED ANSWERS
GRADED A+ ASSURED SUCCESS
Practice questions for this set
Learn
Studied 7 terms
Nice work. You’re doing brilliantly.
Continue studying in Learn
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.
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
