OMVIC Compensation Fund Form – Sworn Statement / Affidavit of Claimant

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.