Sale of extended warranties
 47. (1) A registered motor vehicle dealer shall not sell an extended warranty to a purchaser or lessee of a motor vehicle who is not another registered motor vehicle dealer or facilitate the sale of an extended warranty to that purchaser or lessee through the dealer where the dealer is not selling the warranty unless, (a)  the performance of the warranty is insured by an insurer licensed under the Insurance Act; or (b)  the seller of the warranty has provided security to the Fund for extended warranties that it supplies, where the security is in the form of an irrevocable letter of credit in the following amounts, (i)  $100,000, if the seller of the warranty is the dealer who sold or leased the vehicle to the purchaser or lessee, as the case may be, or (ii)  $500,000, in any other case.  O. Reg. 333/08, s. 47 (1). (2) A registered motor vehicle dealer who forwards an application for an extended warranty by a purchaser or lessee of a motor vehicle to the seller of the warranty is deemed to facilitate the sale of the warranty for the purposes of subsection (1).  O. Reg. 333/08, s. 47 (2). (3) If the registered motor vehicle dealer is not the seller of the extended warranty, the dealer is liable for the amount, not covered by the security mentioned in subclause (1) (b) (ii), of any claim under the warranty that cannot be settled because the seller of the warranty is no longer in business.  O. Reg. 333/08, s. 47 (3). (4) A registered motor vehicle dealer that sells an extended warranty for a motor vehicle to a purchaser or lessee of the vehicle who is not another registered motor vehicle dealer shall ensure that the contract for the warranty includes, in a clear, comprehensible and prominent manner, the following information: 1.  The name and address of the purchaser of the warranty. 2.  The name and address of the warranty holder, if the purchaser is not the warranty holder. 3.  The business address, a registered name and the registration number of the dealer that entered into the contract, together with the legal name of the dealer if it is different from the registered name. 4.  The registered name and registration number of the salesperson, if any, who is acting on behalf of the dealer. 5.  All restrictions, limitations and conditions imposed by the seller of the warranty under the warranty. 6.  A statement as to whether or not the warranty is insured and, if it is insured, the name and address of the insurer. 7.  The make, model and model year of the vehicle. 8.  The vehicle identification number of the vehicle. 9.  The total sale price of the vehicle, if the vehicle is being sold. 10.  The lease value of the vehicle determined in accordance with clause (a) of the definition of “lease value of the leased goods” in subsection 72 (1) of Ontario Regulation 17/05 (General) made under the Consumer Protection Act, 2002 if the vehicle is being leased and if, i.  Part VIII of that Act applies to the lease, or ii.  Part VIII of that Act does not apply to the lease by reason only of the fact that the purchaser of the warranty is not a consumer as defined in that Act. 11.  A description of the components of the vehicle covered by the warranty that is sufficient to identify them with certainty and, if the warranty is related to the manufacturer’s warranty, a description for the components that indicates how the warranty extends the manufacturer’s warranty. 12.  The commencement date and end date of the warranty, expressed by way of calendar date, kilometres that the vehicle has been driven or a combination of both. 13.  The maximum individual claim limits, if any, under the warranty. 14.  The maximum total liability, if any, of the seller of the warranty under the warranty. 15.  The amount of the deductible, if any, for claims under the warranty. 16.  The sale price of the warranty, including an itemized list of all fees or costs that must be paid at the time of purchase or afterwards. 17.  The obligations of the warranty holder under both the warranty and the manufacturer’s warranty, if applicable. 18.  Whether or not the warranty is transferable to another owner or lessee of the vehicle and the amount of any fee for that transfer.  O. Reg. 333/08, s. 47 (4). (5) For each contract for an extended warranty mentioned in subsection (4) into which the registered motor vehicle dealer enters, the dealer shall ensure that, (a)  the contract is signed by the parties; (b)  if a registered salesperson is acting on behalf of the dealer, the salesperson signs next to the indication on the contract of the information described in paragraph 4 of subsection (4); and (c)  the purchaser receives a copy of the contract immediately after signing it.  O. Reg. 333/08, s. 47 (5). (6) A registered motor vehicle dealer shall not facilitate the sale of an extended warranty through the dealer to a purchaser or lessee of a motor vehicle who is not a registered motor vehicle dealer unless the contract for the warranty includes, in a clear, comprehensible and prominent manner, (a)  the information required by subsection (4), except for paragraphs 3 and 4; (b)  the name and address of the seller of the warranty; (c)  a registered name and the registration number of the dealer who facilitated the sale of the contract, together with the legal name of that dealer if it is different from the registered name; and (d)  the registered name and registration number of the salesperson, if any, who is acting on behalf of the dealer who facilitated the sale of the contract.  O. Reg. 333/08, s. 47 (6). (7) If a registered motor vehicle dealer facilitates the sale of an extended warranty through the dealer to a purchaser or lessee of a motor vehicle who is not a registered motor vehicle dealer, the dealer shall, (a)  use best efforts to ensure that the contract for the warranty meets the requirements set out in clauses (5) (a) and (c); (b)  ensure that, (i)  the dealer signs next to the indication, on the contract for the warranty, of the information described in clause (6) (c), and (ii)  if a registered salesperson is acting on behalf of the dealer, the salesperson signs next to the indication, on the contract for the warranty, of the information described in clause (6) (d); and (c)  within seven days after the parties enter into the contract for the warranty, provide the seller of the warranty with, (i)  all documents detailing the contract that the dealer has in its possession, (ii)  all payments that the dealer has received from the purchaser, and (iii)  a statement that accurately describes the condition of the motor vehicle and the distance the motor vehicle has been driven, if the dealer has such a statement in its possession.  O. Reg. 333/08, s. 47 (7).