10/24/24, 4:15 PM OMVIC-| 2024-2025 UPDATE COMPREHENSIVE MOST FREQUENTLY TESTED QUESTIONS AND VERIFIED ANSWERS …
OMVIC-| 2024-2025 UPDATE COMPREHENSIVE
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Terms in this set (111)
What is the primary MVDA
legislation governing
Ontario's retail
automotive sector?
Which body or agency OMVIC
enforces MVDA?
How many people 12 in total, 9 dealers and 3 consumer reps
compose OMVIC's board
of directors?
under the transaction fee program, dealers are
What is the "transaction required to remit $10 for each vehicle sold or leased
fee program"? to OMVIC. These funds are remitted annually with
the dealers registration renewal fee.
T or F: the fee can be True
passed on to the
consumer
A dealers name, address and phone number; a
What is OMVIC required
salespersons name; any proposal to refuse to
to make available to the
renew, suspend or revoke the registration of a
public?
dealer or salesperson
, 10/24/24, 4:15 PM OMVIC-| 2024-2025 UPDATE COMPREHENSIVE MOST FREQUENTLY TESTED QUESTIONS AND VERIFIED ANSWERS …
Should OMVIC Order to the dealer to cease publication and or
determine a dealers issue a retraction or correction
advertising to be false or
misleading what powers
do they have to stop or
correct it?
If an order is used to stop up to 2 years
or correct false
advertising, for how long
may the dealer need to
seek OMVIC pre
approval for future
advertising?
What is the minimum age 18
requirement to become a
dealer?
If a person has been 2 years have passed; new evidence to demonstrate
refused registration, what circumstances
are 2 conditions that have
to be met before the
person can reapply?
If OMVIC issues a LAT (license appeal tribunal ), Independent judicial
proposal to refuse body called LAT, within 15 days of receiving the
registration, to whom can proposal
the applicant appeal?
List the 4 classes of General dealer, Broker, Exporter, Wholesaler, Lease
dealers finance dealer
List 3 examples of Wholesale auction, wrecker, lawyer
individuals or businesses
that are exempt from
registration
Where is the certificate Where the public can see it
of the dealer registration
kept?
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