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DE HB285
Bill
Status
3/27/2014
Primary Sponsor
Quinton Johnson
Click for details
AI Summary
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Establishes the Auctioneer Licensing Commission to license and regulate auctioneers and auction firms in Delaware with a mission to protect consumers participating in auctions.
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Requires all auctioneers and auction firms to obtain licenses, with exemptions for charitable/religious organizations, court-ordered sales, livestock auctions regulated federally, and attorney services.
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Sets licensing requirements including age 18 minimum, high school diploma, 80 hours of approved coursework, 15 auctions under supervision, written examination, and licensing fees up to $100.
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Creates a Recovery Fund supported by licensee assessments (minimum $200, maximum $300) to compensate consumers harmed by violations, with per-claim limits of $5,000 and aggregate limits of $50,000 per auctioneer or firm.
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Establishes disciplinary authority to issue fines ($500-$2,000 per offense), reprimands, probation, suspension, and license revocation for violations including misrepresentation, improper record-keeping, unlicensed conduct, and unethical practices.
Legislative Description
An Act To Amend Title 24 And Title 29 Of The Delaware Code Relating To Auctions And Auctioneer Licensing.
Last Action
HS 1 for HB 285 - Assigned to Economic Development/Banking/Insurance/Commerce
4/24/2014