ONLINE MARKET-ILLEGAL GOODS

Amends the Auction License Act. In provisions concerning an auction contract, provides that sellers shall disclose, if the information is known to the seller, an acknowledgment that (i) all property or goods offered for sale or by auction are owned by the seller, (ii) the seller has full legal authority to sell such property or goods, and (iii) to the best of the seller's knowledge, the property or goods to be sold have been lawfully obtained, as well as other information.