WHAT IS Arbitration Agreement Rider

Author Message
Icon Mini Profile binoyofficial




Joined: 05 Aug 2007

Posts: 4

2.50 Dollars($)
PostPosted: Sun Aug 05, 2007 11:57 pm    Post subject: WHAT IS Arbitration Agreement Rider

Plz help me regarding Arbitration Agreement Rider
Icon Mini Profile larry




Joined: 27 Jun 2007

Posts: 3328

474.61 Dollars($)
PostPosted: Mon Aug 06, 2007 12:49 am    Post subject:

Hi Binoy,

Arbitration Agreement Rider is a clause contained in an arbitration provision. It means that any dispute arising out of or related to this Rider or clause will be settled by arbitration under the provision of the Federal Arbitration Act.
Icon Mini Profile adonis
adonis



Joined: 22 Oct 2005



Posts: 4814
Location: ALASKA
269.19 Dollars($)
PostPosted: Mon Aug 06, 2007 2:56 am    Post subject:

The arbitration provision includes the conditions and procedures according to which a claim can be arbitrated in court instead of being litigated.
_________________
Procrastination is the enemy of your financial success
Icon Mini Profile carnahandavid
carnahandavid



Joined: 21 Dec 2006

Posts: 239

58.41 Dollars($)
PostPosted: Mon Aug 06, 2007 3:38 pm    Post subject:

Arbitration clause is used in contracts requiring involved parties to resolve disputes through a specific arbitration process. FAA (Federal Arbitration Act) allows for such arbitration in which right to appeal against the decision given by arbitrator in a court is given up by the parties.

Please also go through this page which explains more about arbitration clause - http://en.wikipedia.org/wiki/Arbitration_clause
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk



DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Website Feedback
Feedback Analytics