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MVDA Requirements for Records

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.