OMVIC Chapter 1-18 Correctly Answered Latest
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OMVIC Chapter 1-18 Correctly Answered Latest
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| Uploaded on: | May 2, 2025 |
| Last updated: | May 2, 2025 |
| Number of pages: | 14 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | OMVIC Chapter 1-18 Correctly Answered Latest |
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OMVIC Chapter 1-18 | Q&A Latest 2025/2026 | 100% PASS What is the primary legislation governing Ontario's retail automotive sector? - Answer -Moter Vehicle Dealers Act, 2002 Which body or agency enforces MVDA? - Answer -OMVIC List Three Functions carried out by OMVIC - Answer -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? - Answer -12 total 9 dealer 3 consumer Briefly explain the "Transactional Fee Program" - Answer -Under the transaction fee program , dealer are required to remit $10 for each vehicle sold or leased (included fleet and "as is" transactions ) to
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