This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Arbitration With Bank In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00416-1
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Word;
Rich Text
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Citibank is letting it's customers opt out of mandatory arbitration. Consumer Reports tells you how you can protect your legal rights.They prohibit employees from bringing claims before a judge or jury for wage theft, discrimination and other violations of federal law. The report was filled with findings, facts, and figures, the most interesting of which deal with classaction waivers in arbitration clauses. Specifically, arbitration clauses can block people from bringing or joining group lawsuits, also known as "class action lawsuits. Our results reflect what we believe is the most comprehensive empirical study of consumer financial arbitration carried out to date. The overwhelming majority of customer disputes with their bank do not require arbitration.