Before issuing a freeze order on a dealer's assets, what must OMVIC do?

The correct answer highlights the importance of due process in regulatory actions. Before OMVIC can issue a freeze order on a dealer's assets, it is crucial to notify the dealer involved. This step ensures that the dealer is aware of the impending action against them and provides an opportunity to address any issues or disputes connected to the freeze order. Effective communication is a vital part of regulatory oversight, allowing affected parties the chance to respond or rectify situations before more severe actions, like a freeze on their assets, are implemented.

While there may be instances where a court order, local law enforcement involvement, or an audit could play a role in broader regulatory processes, the immediate precondition of notifying the dealer is central to ensuring fairness and transparency in the enforcement actions taken by OMVIC. This process safeguards the rights of dealers while also reinforcing the authority of OMVIC in maintaining regulatory standards within the industry.