OMVIC Automative Test (Chapter 1-18)| Answered 100% correctly| Latest update 2026

OMVIC Automative Test (Chapter 1-18)| Answered 100% correctly| Latest update 2026 What is the primary legislation governing Ontario's retail automotive sector? (C1) MVDA Which body or agency enforces MVDA? (C1) a) Ministry of Government and Consumer Services b) TADA c) OMVIC d) Automotive Business School of Canada c) OMVIC List three functions carried out by OMVIC (C1). - Administers and enforces the MVDA - Inspects dealers - Maintains a complaint line for consumers - Conducts investigations - Conducts disciplinary hearings - Conducts prosecutions - Administers the compensation fund How many people compose OMVIC's board of directors? Of these, how many represent the industry and how many represent consumers? (C1) 12 in total, 9 dealers and 3 consumer reps Briefly explain the "Transaction Fee Program" (C1). Under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased (including fleet and "as is" transactions) to OMVIC. These funds are remitted annually with the dealers registration renewal fee. True or False: Under the Transaction Fee Program, the dealers are required to remit $10 (to OMVIC) for each retail vehicle sold or leased. (C1) True T or F: the fee can be passed on to the consumer (C1) True What is OMVIC required to make available to the public? (C1) a) A dealers name, address and phone number