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News for Real Estate Investors and Landlords — arbitration

Now I'm just ranting...

Posted by 15789465 on

In researching the seller financing issue, I ran across the following gem in the regulations on the subject. The regulation says: ("h) Prohibition on mandatory arbitration clauses and waivers of certain consumer rights. (1) Arbitration. A contract or other agreement for a consumer credit transaction secured by a dwelling (including a home equity line of credit secured by the consumer's principal dwelling) may not include terms that require arbitration or any other non-judicial procedure to resolve any controversy or settle any claims arising out of the transaction. This prohibition does not limit a consumer and creditor or any assignee from...

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