Legally required notifications: what you need to know
- Published On
- September 25, 2023
All dealers and salespeople must be aware of the notifications that they are required to make to OMVIC within five days under the Motor Vehicle Dealers Act (MVDA) including but not limited to:
- Registration information – If there are any changes to the information supplied for the purpose of registration (e.g., changes to business name, location, dealership name etc.).
- Criminal charges – Any charges that have been laid since the time of registration (e.g., if you’ve been charged with a criminal offense related to fraud or theft).
- Dealership share ownership – When shares in a dealership are issued or transferred, and those receiving the shares stand to accumulate ten per cent or more of all the issued and outstanding shares of the company.
Failure to meet these notification requirements may result in disciplinary action and/or the issuance of a Notice of Proposal to revoke a dealer or salesperson’s license.
The dealer support team is available to assist dealers in achieving and maintaining compliance with the MVDA. Please contact dealer support at firstname.lastname@example.org or by calling 1-800-943-6002 and leave a message if you have any questions or concerns. Messages are returned in a priority sequence.