§ 7516. Confirmation of an award based on a consumer credit transaction.
159 words·~1 min read·
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§ 7516. Confirmation of an award based on a consumer credit
transaction. In any proceeding under section 7510 of this article to
confirm an award based on a consumer credit transaction, the party
seeking to confirm the award shall plead the actual terms and conditions
of the agreement to arbitrate. The party shall attach to its petition
(a)the agreement to arbitrate;
(b)the demand for arbitration or notice
of intention to arbitrate, with proof of service; and
(c)the
arbitration award, with proof of service. If the award does not contain
a statement of the claims submitted for arbitration, of the claims ruled
upon by the arbitrator, and of the calculation of figures used by the
arbitrator in arriving at the award, then the petition shall contain
such a statement. The court shall not grant confirmation of an award
based on a consumer credit transaction unless the party seeking to
confirm the award has complied with this section.