SB315 Summary

• Allows consumers to recover the full purchase price plus damages from dealers who falsely represent collectible items as authentic, with a 3-year statute of limitations.

• Defines "dealer" as a person who has sold three or more collectibles in the preceding 12 months, including online and mail-order sellers, but excludes pawnbrokers and the person who autographed the item.

• Covers autographed items, sports memorabilia, entertainment media items, historical artifacts, and limited edition collectibles sold for $50 or more based on authenticity claims.

• Exempts collectibles purchased by barter or trade and those sold between dealers from the protections of this act.

• Becomes effective on the first day of the third month following passage and approval by the Governor.