FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER I—FEDERAL TRADE COMMISSION

Collection, verification, and disclosure of information by online marketplaces to inform consumers

15 U.S.C. § 45f
Title15Commerce and Trade
ChapterSUBCHAPTER I—FEDERAL TRADE COMMISSION

This text of 15 U.S.C. § 45f (Collection, verification, and disclosure of information by online marketplaces to inform consumers) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
15 U.S.C. § 45f.

Text

(a)Collection and verification of information An online marketplace shall require any high-volume third party seller on such online marketplace's platform to provide, not later than 10 days after qualifying as a high-volume third party seller on the platform, the following information to the online marketplace: A bank account number, or, if such seller does not have a bank account, the name of the payee for payments issued by the online marketplace to such seller. The bank account or payee information required under subclause (I) may be provided by the seller in the following ways: (aa) To the online marketplace. (bb) To a payment processor or other third party contracted by the online marketplace to maintain such information, provided that the online marketplace ensures that it can obtai

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Source Credit

History

(Pub. L. 117–328, div. BB, title III, §301, Dec. 29, 2022, 136 Stat. 5555.)

Editorial Notes

Editorial Notes

References in Text
The Federal Trade Commission Act, referred to in subsec. (c)(2), is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is classified generally to subchapter I (§41 et seq.) of chapter 2 of this title. For complete classification of this Act to the Code, see section 58 of this title and Tables.

Codification
Section was enacted as part of the Consolidated Appropriations Act, 2023, and not as part of the Federal Trade Commission Act which comprises this chapter.

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Bluebook (online)
15 U.S.C. § 45f, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/45f.