Which body or agency enforces MVDA?
ANSWER
OMVIC
What is the primary legislation governing Ontario's retail automotive sector?
ANSWER
MVDA
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.
What is OMVIC required to make available to the public?
ANSWER
A dealers name, address and phone number; a salespersons name; any proposal to refuse to
renew, suspend or revoke the registration of a dealer or salesperson
T or F: the fee can be passed on to the consumer
ANSWER
1
,True
Should OMVIC determine a dealers advertising to be false or misleading what powers do
they have to stop or correct it?
ANSWER
Order to the dealer to cease publication and or issue a retraction or correction
If an order is used to stop or correct false advertising, for how long may the dealer need to
seek OMVIC pre approval for future advertising?
ANSWER
up to 2 years
What is the minimum age requirement to become a dealer?
ANSWER
18
If a person has been refused registration, what are 2 conditions that have to be met before
the person can reapply?
ANSWER
2 years have passed; new evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal?
ANSWER
LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of receiv-
ing the proposal
List the 4 classes of dealers
ANSWER
2
, General dealer, Broker, Exporter, Wholesaler, Lease finance dealer
List 3 examples of individuals or businesses that are exempt from registration
ANSWER
Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept?
ANSWER
Where the public can see it
T or F: the MVDA specifies the records a dealer must maintain- these records must be held
for at least 6 years.
ANSWER
True
T or F: Dealers may sell vehicles from any location so long as they have registered a head of-
fice with OMVIC
ANSWER
False
Which records of employees must be maintained?
ANSWER
Employee names, proof of payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify?
ANSWER
OMVIC, in writing, within 5 days
3
ANSWER
OMVIC
What is the primary legislation governing Ontario's retail automotive sector?
ANSWER
MVDA
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.
What is OMVIC required to make available to the public?
ANSWER
A dealers name, address and phone number; a salespersons name; any proposal to refuse to
renew, suspend or revoke the registration of a dealer or salesperson
T or F: the fee can be passed on to the consumer
ANSWER
1
,True
Should OMVIC determine a dealers advertising to be false or misleading what powers do
they have to stop or correct it?
ANSWER
Order to the dealer to cease publication and or issue a retraction or correction
If an order is used to stop or correct false advertising, for how long may the dealer need to
seek OMVIC pre approval for future advertising?
ANSWER
up to 2 years
What is the minimum age requirement to become a dealer?
ANSWER
18
If a person has been refused registration, what are 2 conditions that have to be met before
the person can reapply?
ANSWER
2 years have passed; new evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal?
ANSWER
LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of receiv-
ing the proposal
List the 4 classes of dealers
ANSWER
2
, General dealer, Broker, Exporter, Wholesaler, Lease finance dealer
List 3 examples of individuals or businesses that are exempt from registration
ANSWER
Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept?
ANSWER
Where the public can see it
T or F: the MVDA specifies the records a dealer must maintain- these records must be held
for at least 6 years.
ANSWER
True
T or F: Dealers may sell vehicles from any location so long as they have registered a head of-
fice with OMVIC
ANSWER
False
Which records of employees must be maintained?
ANSWER
Employee names, proof of payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify?
ANSWER
OMVIC, in writing, within 5 days
3
