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OMVIC
CORRECT SOLUTIONS.
What is the primary legislation governing Ontario's retail automotive sector? - correct answer- MVDA
Which body or agency enforces MVDA? - correct answer- OMVIC
How many people compose OMVIC's board of directors? - correct answer- 12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"? - correct answer- 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 - correct
answer- True
What is OMVIC required to make available to the public? - correct answer- A dealers name, address and phone number; a 1 / 3
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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? - correct answer- 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? - correct answer- up to 2 years
What is the minimum age requirement to become a dealer? - correct answer- 18
If a person has been refused registration, what are 2 conditions that have to be met before the person can reapply? - correct answer- 2 years have passed; new evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal? - correct answer- LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of receiving the proposal 2 / 3
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List the 4 classes of dealers - correct answer- General dealer, Broker, Exporter, Wholesaler, Lease finance dealer
List 3 examples of individuals or businesses that are exempt from registration - correct answer- Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? - correct answer- 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 - correct answer- False
T or F: the MVDA specifies the records a dealer must maintain-
these records must be held for at least 6 years. - correct answer- True
Which records of employees must be maintained? - correct answer- Employee names, proof of payments, and employee salaries
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