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CO SB093
Bill
AI Summary
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Enacts the "Consumer and Employee Dispute Resolution Fairness Act" establishing ethical standards and disclosure requirements for arbitrators in consumer and employment disputes under pre-dispute arbitration agreements executed in Colorado or governed by Colorado law.
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Prohibits waiver of evident partiality standards before claims are filed; requires any post-claim waivers to be in writing and signed by all parties; establishes 28-day maximum timeframe for challenging arbitrators based on evident partiality.
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Requires individual arbitrators in consumer and employment disputes to disclose information including financial interests, prior relationships with parties, industry experience, prior arbitrations handled, and any payments exceeding $500 from parties or their representatives.
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Mandates arbitration services providers collect and provide at no charge a cumulative five-year report in searchable spreadsheet format containing detailed case information, arbitrator fees, disposition outcomes, and provider ownership information.
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Declares certain standard form contract terms void as against public policy: requiring disputes be adjudicated outside Colorado, allowing unilateral selection of arbitrators, or imposing fee-shifting prohibited by Colorado law; specifies prevailing party attorney fee awards when courts vacate awards for arbitrator evident partiality.
Legislative Description
Consumer And Employee Dispute Resolution Fairness
Courts & Judicial
Last Action
House Committee on Finance Postpone Indefinitely
6/4/2020