NY A02539

Requires businesses to print arbitration clauses in consumer contracts in "large print format," defined as 16-point font or larger

Applies to initial contracts for goods or services between businesses and consumers (individuals purchasing items for personal, family, or household use)

Establishes civil penalties for violations: up to $250 for first offense, up to $500 for second and subsequent offenses

Takes effect 180 days after becoming law

Maintains existing law prohibiting mandatory arbitration clauses in consumer contracts and declaring such clauses null and void