Innocent Sellers Fairness Act - Exempts a lawful seller from liability for personal injury, monetary loss, or damage to property arising out of an accident or transaction involving a seller's products, unless the claimant proves one or more of the following activities by the seller:

• the seller was the manufacturer or participated in the design or installation of the product;
• the seller altered, modified, or expressly warranted the product in a manner not authorized by the manufacturer;
• the seller had actual knowledge of the defect in the product as a result of a recall from the manufacturer or governmental entity authorized to make such recall or actual inspection at the time the seller sold the product to the claimant;
• the seller had actual knowledge of the defect in the product at the time the seller supplied the product;
• the seller intentionally altered or modified a product warranty, warning, or instruction from the manufacturer in a way not authorized by the manufacturer; or
• the seller knowingly made a false representation about an aspect of the product not authorized by the manufacturer.

Limits the seller's liability to the personal injury, monetary loss, or damage to property directly caused by such activity where a claimant proves one or more of such activities was negligent.