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CO HB1262
Bill
Status
4/18/2018
Primary Sponsor
Dominique Jackson
Click for details
AI Summary
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Requires arbitration services providers administering consumer or employment arbitrations to collect, publish quarterly, and make publicly available (free on website and in writing upon request) cumulative reports on arbitrations from the preceding 5 years.
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Mandates reports include 12 categories of information including whether arbitration was predispute or postdispute, nature of dispute, prevailing party, party history with the provider, attorney representation, case disposition type, claim amounts, arbitrator fees and fee allocation, and hearing format.
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Requires information be searchable and sortable using readily available software and accessible through a conspicuously labeled "Consumer Case Information" link on the provider's website.
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Exempts labor organizations and parties to collective bargaining agreements that initiate arbitrations pursuant to collective bargaining agreement terms from the definition of arbitration services provider.
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Provides parties with right to injunctive relief against non-compliant providers but prohibits damages claims; allows waiver of rights only in writing after arbitration demand is filed or claim is compelled.
Legislative Description
Arbitration Services Provider Transparency Act
Last Action
Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
4/18/2018