OMVIC Chapter 1-18 Questions
And Verified Answers Solutions
Lattest Updates { Graded A+}
What is the primary legislation governing Ontario's retail automotive sector? ANS>> Moter Vehicle
Dealers Act, 2002
-Which body or agency enforces MVDA? ANS>> OMVIC
-List Three Functions carried out by OMVIC ANS>> 1) Administers and enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
-How many people compose OMVICS board of directors? How many dealers ? How many consumers?
ANS>> 12 total
9 dealer
3 consumer
, -Briefly explain the "Transactional Fee Program" ANS>> Under the transaction fee program , dealer are
required to remit $10 for each vehicle sold or leased (included fleet and "as is" transactions ) to OMVIC.
These funds are remitted annually with the dealers registration renewal fee.
-True or False: The transaction fee can be passed along to the customer? ANS>> True
-True or False: Under the Transaction Fee Program, dealers are required to remit $10 (to OMVIC) for
each retail vehicle sold or leased? ANS>> True
-What information is OMVIC required to make available to the public? ANS>> 1) A dealer's business
name, address and phone number
2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesperson
-Should OMVIC determine a dealers 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 receiver and
manager to assume temporary control of a dealership. ANS>> This action might be taken if:
1) If there has been an investigation
And Verified Answers Solutions
Lattest Updates { Graded A+}
What is the primary legislation governing Ontario's retail automotive sector? ANS>> Moter Vehicle
Dealers Act, 2002
-Which body or agency enforces MVDA? ANS>> OMVIC
-List Three Functions carried out by OMVIC ANS>> 1) Administers and enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
-How many people compose OMVICS board of directors? How many dealers ? How many consumers?
ANS>> 12 total
9 dealer
3 consumer
, -Briefly explain the "Transactional Fee Program" ANS>> Under the transaction fee program , dealer are
required to remit $10 for each vehicle sold or leased (included fleet and "as is" transactions ) to OMVIC.
These funds are remitted annually with the dealers registration renewal fee.
-True or False: The transaction fee can be passed along to the customer? ANS>> True
-True or False: Under the Transaction Fee Program, dealers are required to remit $10 (to OMVIC) for
each retail vehicle sold or leased? ANS>> True
-What information is OMVIC required to make available to the public? ANS>> 1) A dealer's business
name, address and phone number
2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesperson
-Should OMVIC determine a dealers 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 receiver and
manager to assume temporary control of a dealership. ANS>> This action might be taken if:
1) If there has been an investigation
