The MVDA sets out specific requirements for the dealer’s place of business and stipulates dealers may only trade from the place authorized and listed on the registration (unless classified as a Broker, a Lease Finance Dealer, a Fleet Lessor or an Outside Ontario Dealer).

The MVDA also outlines which records a dealer must keep, how long they must be held, and even where they can be stored. The three general types of records covered by the legislation are:

• Records relating to vehicles.
• Records relating to trades (buying and selling).
• Business records.