OMVIC Compensation Fund Form – Sworn Statement / Affidavit of Claimant
15 April 2021
What is a OMVIC Compensation Fund Form?
The Motor Vehicle Dealers Compensation Fund, referred to as the Compensation Fund, is a consumer protection program financed by Ontario’s registered motor vehicle dealers.
If something does go wrong with a motor vehicle purchase or lease agreement, consumers have access to the Compensation Fund which provides financial assistance to consumers who make a valid claim for a vehicle transaction against an OMVIC-Registered Dealer.
Consumers who are eligible for compensation may qualify for up to $45,000 per vehicle transaction. In order to qualify, consumers must meet one or more of the eligibility criteria and the claim must be submitted within two years.
How to make a claim?
It is important for a consumer to first contact the registered dealer in attempt to work out a reasonable solution. If the issue remains unresolved, the consumer may be eligible to make a claim to the Compensation Fund.
- Completion and submission of the Compensation Fund Application Package and supporting documents
- OMVIC staff review the application to ensure it is complete and meets the eligibility criteria
- At scheduled meetings, the Board of Trustees reviews the application for compensation
Getting your OMVIC Compensation Fund Sworn Statement / Affidavit of Claimant
NotaryPro can digitally notarize the OMVIC Compensation Fund Form – Sworn Statement / Affidavit of Claimant. You can read more about the OMVIC Compensation Fund here.
You can download the OMVIC Sworn Statement / Affidavit form here: https://www.omvic.on.ca/portal/Portals/0/pdf/compfund/Sworn%20Statement.pdf
Then book your Remote Online Notary appointment to easily sign and notarize this form from the comfort of home by clicking here: www.notarypro.ca/notarize-online
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