Which of the following is NOT a function carried out by OMVIC?

The correct answer highlights a distinction in the role of OMVIC (Ontario Motor Vehicle Industry Council). OMVIC's primary functions are centered around regulating motor vehicle sales and protecting consumers. This includes inspecting dealers to ensure compliance with laws, conducting disciplinary hearings for any violations of these laws, and administering the Compensation Fund, which compensates consumers who have suffered financial losses due to the actions of a registered dealer.

Providing financing options is not a function of OMVIC. This responsibility typically falls to financial institutions or dealers themselves, as OMVIC focuses on the regulation and oversight of the dealership practices, rather than directly providing financial services. By clarifying these roles, it becomes evident why the correct answer is related to financing options rather than the regulatory and protective measures OMVIC is designed to implement.