1
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OMVIC 2019 Questions and Answers
(100% Correct Answers) Already Graded
A+
What is the primary legislation governing Ontario's retail
automotive sector? [ ANS: ] The Motor Vehicle Act (2002)
Which body or agency enforces the MVDA?
a) Ministry of Consumer Services
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b) OADA/TADA
c) OMVIC
d) Automotive Business School of Canada [ ANS: ] c) OMVIC
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List three functions carried out by OMVIC. [ ANS: ] (Any of the
following)
- Administers and enforces the MVDA
- Administers the Compensation Fund
- Inspects dealers
- Maintains a complaint line for consumers
- Conducts investigatons
- Conducts disciplinary hearings
- Conducts prosecutions
How many people compose OMVIC's Board of Directors? Of
these, how many represent the industry and how many represent
consumers? [ ANS: ] 12 total - 9 dealers, 3 consumer reps
, 2
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Briefly explain the "Transaction Fee Program" [ ANS: ] Under the
Transaction Fee Program, dealers are required to remit $10 for
each vehicle sold or leased to OMVIC (these funds are remitted
annually)
T/F: Under the Transaction Fee Program, dealers are required to
remit $10 (to OMVIC) for each vehcicle sold or leased. [ ANS: ]
TRUE
T/F: The transaction fee can be passed along to the customer [
ANS: ] TRUE
What information is OMVIC required to make available to the
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public?
a) A dealer's business name, address and phone number
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b) A salesperson's name
c) Any proposal to refuse to renew, suspend or revoke the
registration of a dealer or salesperson
d) All of the above [ ANS: ] d) All the above
Should OMVIC determine a dealer's advertising to be false or
misleading, what powers does OMVIC have to stop or correct it? [
ANS: ] OMVIC may issue an order requiring 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's pre-approval for future
advertising? [ ANS: ] Up to 2 years
List two possible situations which could result in OMVIC applying to
a court to appoint a reciever and manager to assume temporary
control of a dealership. [ ANS: ] This action could be taken..
- If there has been an investigation
- If the dealership is about to fail
For Expert help and assignment solutions, +254707240657
OMVIC 2019 Questions and Answers
(100% Correct Answers) Already Graded
A+
What is the primary legislation governing Ontario's retail
automotive sector? [ ANS: ] The Motor Vehicle Act (2002)
Which body or agency enforces the MVDA?
a) Ministry of Consumer Services
© 2025 Assignment Expert
b) OADA/TADA
c) OMVIC
d) Automotive Business School of Canada [ ANS: ] c) OMVIC
Guru01 - Stuvia
List three functions carried out by OMVIC. [ ANS: ] (Any of the
following)
- Administers and enforces the MVDA
- Administers the Compensation Fund
- Inspects dealers
- Maintains a complaint line for consumers
- Conducts investigatons
- Conducts disciplinary hearings
- Conducts prosecutions
How many people compose OMVIC's Board of Directors? Of
these, how many represent the industry and how many represent
consumers? [ ANS: ] 12 total - 9 dealers, 3 consumer reps
, 2
For Expert help and assignment solutions, +254707240657
Briefly explain the "Transaction Fee Program" [ ANS: ] Under the
Transaction Fee Program, dealers are required to remit $10 for
each vehicle sold or leased to OMVIC (these funds are remitted
annually)
T/F: Under the Transaction Fee Program, dealers are required to
remit $10 (to OMVIC) for each vehcicle sold or leased. [ ANS: ]
TRUE
T/F: The transaction fee can be passed along to the customer [
ANS: ] TRUE
What information is OMVIC required to make available to the
© 2025 Assignment Expert
public?
a) A dealer's business name, address and phone number
Guru01 - Stuvia
b) A salesperson's name
c) Any proposal to refuse to renew, suspend or revoke the
registration of a dealer or salesperson
d) All of the above [ ANS: ] d) All the above
Should OMVIC determine a dealer's advertising to be false or
misleading, what powers does OMVIC have to stop or correct it? [
ANS: ] OMVIC may issue an order requiring 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's pre-approval for future
advertising? [ ANS: ] Up to 2 years
List two possible situations which could result in OMVIC applying to
a court to appoint a reciever and manager to assume temporary
control of a dealership. [ ANS: ] This action could be taken..
- If there has been an investigation
- If the dealership is about to fail
