OMVIC Practice Test

True or False: If the Discipline Panel decides that a dealer or salesperson failed to comply with the Code of Ethics Regulations, the committee may impose a maximum fine of $10,000.

1. False

2. True

The correct answer is: False

One possible explanation The correct answer is actually False. These committees may impose maximum fines of $15,000. Additionally, The Discipline Panel is responsible for imposing fines, not the committee. A committee's responsibility is to decide the outcome. The question appears to have some out-of-date information that should be updated in order to avoid confusion.