OMVIC
What is the primary legislation governing Ontario's retail automotive sector? -
ANS-MVDA
Which body or agency enforces MVDA? - ANS-OMVIC
How many people compose OMVIC's board of directors? - ANS-12 in total, 9 dealers
and 3 consumer reps
What is 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 with the dealers registration renewal fee.
T or F: the fee can be passed on to the consumer - ANS-True
What is OMVIC required to make available to the public? - ANS-A dealers name,
address and phone number; a salespersons name; 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
do they have to stop or correct it? - ANS-Order to 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 pre approval for future advertising? - ANS-up to 2 years
What is the minimum age requirement to become a dealer? - ANS-18
If a person has been refused registration, what are 2 conditions that have to be met
before the person can reapply? - ANS-2 years have passed; new evidence to
demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal? -
ANS-LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days
of receiving the proposal
List the 4 classes of dealers - ANS-General dealer, Broker, Exporter, Wholesaler, Lease
finance dealer
, List 3 examples of individuals or businesses that are exempt from registration -
ANS-Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? - ANS-Where the public can see
it
T or F: Dealers may sell vehicles from any location so long as they have registered a
head office with OMVIC - ANS-False
T or F: the MVDA specifies the records a dealer must maintain- these records must be
held for at least 6 years. - ANS-True
Which records of employees must be maintained? - ANS-Employee names, proof of
payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify? - ANS-OMVIC, in
writing, within 5 days
In order for a remote storage location to be approved by OMVIC, which condition must
be met? - ANS-The location is always accessible to OMVIC staff during normal
business hours
T or F: Under the MVDA, all dealers are required to maintain a trust account -
ANS-False
Deposits over what amount must be kept in a trust account? - ANS-$10 000 (ten
thousand)
T or F: Before issuing a freeze order (freezing the dealer's assets or trust funds),
OMVIC must first notify the dealer - ANS-False
On a purchase contact, what must be printed in 14 pt. bold font next to the buyer's
signature? - ANS-This "sales final" statement on the same page as the buyer's
signature and adjacent to the signature
If a dealer does not have a specific new vehicle in stock, but will locate the vehicle and
bring it in, what must be disclosed to the purchaser regarding the mileage? - ANS-A
maximum distance that will be shown on the odometer at the same time of delivery or a
statement that there is no maximum
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