OMVIC Chapter One Questions And Answers

OMVIC Chapter One Questions And Answers The Motor Vehicle Dealers Act - ANS the primary legislation governing Ontario's retail automotive sector OMVIC enforces the - ANS Motor Vehicle Dealers Act OMVIC carries out - ANS - the inspection of dealers - maintains a complaint line for customers - conducts investigations - administers and enforces the MVDA 2002 - conducts disciplinary hearings - conducts prosecutions - administers the compensation fund How many people compose OMVIC's board of directors? - ANS 12 - 9 Dealers & 3 Consumer Reps Transaction Fee Program - ANS dealers are required to pay $5.00 for each vehicle sold or leased to OMVIC True or False : The transaction fee can be passed along to the consumer. - ANS True : if the dealership chooses to. What information is OMVIC required to make available to the public? - ANS - business name , address and phone number - salesperson name -any proposal to refuse suspend or revoke the registration of a dealer salesperson If OMVIC determines that a dealer's advertising is false or misleading, what do they do to correct it? - ANS cease publication and issue 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