SB 341

Abstract

Consumer protection; online marketplace; high-volume third-party sellers. Establishes requirements for high-volume third-party sellers, defined in the bill as participants in an online marketplace that have entered into at least 200 discrete sales or transactions for 12 continuous months during the past 24 months resulting in accumulation of an aggregate total of $5,000 or more in gross revenues. The bill requires an online marketplace to (i) require high-volume third-party sellers to provide identifying and contact information to the online marketplace; (ii) verify the information provided by a high-volume third-party seller within 10 days of receipt; and (iii) require that high-volume third-party sellers make certain conspicuous disclosures to consumers on their product listing pages, with certain limited exceptions. The bill provides that the Attorney General has the exclusive authority to enforce its provisions and that any violation of its provisions is a prohibited practice under the Virginia Consumer Protection Act.

Consumer protection; online marketplace; high-volume third-party sellers. Establishes requirements for high-volumethird-party sellers, defined in the bill as participants in an onlinemarketplace that have entered into at least 200 discrete sales ortransactions for 12 continuous months during the past 24 months resultingin accumulation of an aggregate total of $5,000 or more in grossrevenues. The bill requires high-volume third-party sellers to provideidentifying information and contact information to the online marketplaceand requires the online marketplace to verify the information uponreceipt. The bill requires that high-volume third-party sellers makecertain conspicuous disclosures to consumers on their product listingpages, with certain limited exceptions. The bill provides that anyviolation of its provisions is a prohibited practice under the VirginiaConsumer Protection Act.