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HB22-1099

Online Marketplaces And Third-party Sellers

Concerning mandatory disclosures of third-party sellers selling through online marketplaces.
Session:
2022 Regular Session
Subjects:
Business & Economic Development
General Assembly
Bill Summary

The bill requires an online marketplace (marketplace) to require each high-volume third-party seller (seller) selling through its marketplace to disclose to the marketplace, and the marketplace to verify:

  • The seller's bank account number;
  • The seller's contact information; and
  • The seller's business tax identification number or individual taxpayer identification number.

The marketplace also must require the seller to disclose to the consumer the identity of the seller, including:

  • The full name of the seller;
  • The physical address of the seller;
  • Whether the high-volume third-party seller used a different seller to supply the consumer product to the consumer upon purchase; and
  • If requested by the purchaser, information relating to any seller that supplied the consumer product to the purchaser, if the seller is different than the high-volume third-party seller listed on the product listing prior to purchase.

The online marketplace must disclose to consumers a reporting mechanism for consumers to report suspicious marketplace activity.

A violation of the disclosure requirements is a deceptive trade practice.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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