OMVIC 2026 EVALUATION TEST QUESTIONS AND
ANSWERS SURE A+
✔✔If a dealer wishes to offer their own uninsured extended warranty, they must provide
to the compensation fund an irrevocable letter of credit in the amount of? - ✔✔$100 000
✔✔Dealers must send all payments and documents detailing the contract to the
warranty company within: - ✔✔7 days
✔✔T or F: Service plans must be backed by an insurance company - ✔✔False
✔✔OMVIC inspectors must give how much notice before visiting - ✔✔none
✔✔T or F: an OMVIC inspector has the right to access dealer records, but not the
vehicles on the dealer's lot - ✔✔False
✔✔The OMVIC inspector: - ✔✔May use the dealer's own computer system to produce
required information
✔✔What is a curbsider? - ✔✔They are unlicensed dealers posing as private sellers
, ✔✔What are the common problems with the vehicles that curbsiders sell? - ✔✔Often
misinterpreted, accident-damaged, odometer-tampered, stolen or have liens
✔✔Studies have shown the percentage of "private" vehicle ads are actually placed by
curbsiders is - ✔✔25%
✔✔Curbsiders : - ✔✔ignore tax law, avoid overhead, have an unfair advantage over
registered dealers
✔✔Is the compensation fund available to all customers or only customers who are
consumers? - ✔✔consumers only
✔✔How much does each salesperson pay into the fund? - ✔✔Nothing
✔✔How much does each dealer pay into the fund? - ✔✔$300
✔✔T or F: the max individual claim from the fund is $15 000 - ✔✔False
✔✔T or F: The fund is similar to an insurance policy, so a dealer does not have to
reimburse the Fund should the Fund pay out a claim on behalf of a dealer - ✔✔False
✔✔T or F: Protections under the CPA would apply to a carpenter buying a van for his or
her small company - ✔✔False
✔✔T or F: CPA protects "consumers" only - ✔✔True
✔✔T or F: The CPA covers sales but not leases, and not services such as repairs -
✔✔False
✔✔T or F: the consumer can waive their right under the CPA, but they must be in
writing - ✔✔False
✔✔What is the maximum penalty for an individual convicted of an offence under the
CPA? - ✔✔A max of 2 years less a day in jail and or a fine of up to $50 000
✔✔T or F: in matter related to the CPA, courts will only consider the evidence that is
written into the contract - ✔✔False
✔✔T or F: if the consumer defaults on a loan/payment schedule but has paid off more
than two-thirds if the total purchase price, the dealer must get permission from the court
to repossess the vehicle - ✔✔True
ANSWERS SURE A+
✔✔If a dealer wishes to offer their own uninsured extended warranty, they must provide
to the compensation fund an irrevocable letter of credit in the amount of? - ✔✔$100 000
✔✔Dealers must send all payments and documents detailing the contract to the
warranty company within: - ✔✔7 days
✔✔T or F: Service plans must be backed by an insurance company - ✔✔False
✔✔OMVIC inspectors must give how much notice before visiting - ✔✔none
✔✔T or F: an OMVIC inspector has the right to access dealer records, but not the
vehicles on the dealer's lot - ✔✔False
✔✔The OMVIC inspector: - ✔✔May use the dealer's own computer system to produce
required information
✔✔What is a curbsider? - ✔✔They are unlicensed dealers posing as private sellers
, ✔✔What are the common problems with the vehicles that curbsiders sell? - ✔✔Often
misinterpreted, accident-damaged, odometer-tampered, stolen or have liens
✔✔Studies have shown the percentage of "private" vehicle ads are actually placed by
curbsiders is - ✔✔25%
✔✔Curbsiders : - ✔✔ignore tax law, avoid overhead, have an unfair advantage over
registered dealers
✔✔Is the compensation fund available to all customers or only customers who are
consumers? - ✔✔consumers only
✔✔How much does each salesperson pay into the fund? - ✔✔Nothing
✔✔How much does each dealer pay into the fund? - ✔✔$300
✔✔T or F: the max individual claim from the fund is $15 000 - ✔✔False
✔✔T or F: The fund is similar to an insurance policy, so a dealer does not have to
reimburse the Fund should the Fund pay out a claim on behalf of a dealer - ✔✔False
✔✔T or F: Protections under the CPA would apply to a carpenter buying a van for his or
her small company - ✔✔False
✔✔T or F: CPA protects "consumers" only - ✔✔True
✔✔T or F: The CPA covers sales but not leases, and not services such as repairs -
✔✔False
✔✔T or F: the consumer can waive their right under the CPA, but they must be in
writing - ✔✔False
✔✔What is the maximum penalty for an individual convicted of an offence under the
CPA? - ✔✔A max of 2 years less a day in jail and or a fine of up to $50 000
✔✔T or F: in matter related to the CPA, courts will only consider the evidence that is
written into the contract - ✔✔False
✔✔T or F: if the consumer defaults on a loan/payment schedule but has paid off more
than two-thirds if the total purchase price, the dealer must get permission from the court
to repossess the vehicle - ✔✔True
