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Arbitration

consumer

Arbitration is a private, out-of-court dispute resolution process—usually between parties to a contract—in which the dispute is resolved by one or more arbitrators rather than by judges and juries in the court system. Businesses often include an arbitration provision in the dispute resolution section of online agreements (terms of use) for consumer products and services.



State Statutes for the State of Texas

CHAPTER 20 - REGULATION OF CONSUMER CREDIT REPORTING AGENCIES

(d) A consumer may not submit to arbitration more than one action against a particular consumer reporting (e) The results of an arbitration action brought against a consumer reporting agency doing business (f) If a determination is made in favor of a consumer after submission of a dispute to arbitration, or $1,000, reasonable attorney fees, and court or arbitration costs. or $500, reasonable attorney fees, and court or arbitration costs.

CHAPTER 394 - DEBTOR ASSISTANCE

(c) A debt management services agreement may contain a voluntary consumer arbitration provision or a

Federal Statutes

§ 5518. Authority to restrict mandatory pre-dispute arbitration

a study of, and shall provide a report to Congress concerning, the use of agreements providing for arbitration of any future dispute between covered persons and consumers in connection with the offering or providing for a consumer financial product or service providing for arbitration of any future dispute between The authority described in subsection (b) may not be construed to prohibit or restrict a consumer from entering into a voluntary arbitration agreement with a covered person after a dispute has arisen.

§ 1639c. Minimum standards for residential mortgage loans

extension of credit under an open end consumer credit plan secured by the principal dwelling of the consumer may include terms which require arbitration or any other nonjudicial procedure as the method for resolving extension of credit under an open end consumer credit plan secured by the principal dwelling of the consumer may include terms which require arbitration or any other nonjudicial procedure as the method for resolving and the creditor or any assignee to agree to arbitration or any other nonjudicial procedure as the method