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Toronto, December 31, 2009
- The Ontario Motor Vehicle
Industry Council (OMVIC) advises
consumers that registration for
Prestige Toys Ltd. (1017 Finch
Avenue West) is revoked as of
December 14, 2009. In Ontario,
all motor vehicle dealers and
salespeople must be registered
under the Motor Vehicle Dealers
Act (MVDA) before buying,
selling or leasing vehicles.
Registration for Prestige
Toys was revoked after it was
found consumers had been misled
about the history of the
vehicles they purchased or had
been provided bills of sale that
misrepresented the actual
purchase price. The dealer
appealed this decision of the
Licence Appeal Tribunal to
Divisional Court, however the
Tribunal's order was upheld. The
dealer's application to appeal
the Divisional Court decision
was also dismissed.
The dealer's officer and
director, Svetlana Lioubimova,
is not currently registered
under the MVDA either.
Consumers are reminded to
check dealer registration before
considering their next vehicle
purchase:
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All dealers and salespeople
in Ontario must be
registered with OMVIC. To
verify registration, visit
www.omvic.on.ca or call
1-800-943-6002.
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Only transactions conducted
through registered motor
vehicle dealers are
protected through the Motor
Vehicle Dealers Compensation
Fund. The fund is financed
by registered dealers and is
available (under specific
criteria) to consumers who
may have suffered a
financial loss from their
motor vehicle transaction.
This protection is lost if
buying privately or through
an unregistered dealer.
About OMVIC
OMVIC licences and regulates
motor vehicle dealers in Ontario
and enforces the Motor
Vehicle Dealers Act on behalf of
the
Minister of Consumer
Services. OMVIC's mandate is
to maintain a
fair, safe and informed marketplace by
ensuring registration of
dealers and salespersons,
inspecting dealerships, maintaining a
complaint line for consumers,
conducting investigations and
enforcing the Act and its
associated rules and regulations. OMVIC
is also responsible for
administering the Motor Vehicle
Dealers Compensation Fund on
behalf of a Board of Trustees.
For more information, please
contact:
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