New York A03369 requires disclosure and explanation of mandatory arbitration clauses in consumer contracts.

New York A03369 amends the general business law to prohibit mandatory arbitration clauses in written consumer contracts. The bill mandates that if a consumer contract includes such a clause, the representative must disclose and explain it in plain language. The clause itself is declared null and void, though it does not affect the enforceability of other contract terms. The bill defines key terms such as "consumer," "consumer goods," and "mandatory arbitration clause.

New York A03369 requires disclosure and explanation of mandatory arbitration clauses in consumer contracts.

New York A03369 amends the general business law to prohibit mandatory arbitration clauses in written consumer contracts. The bill mandates that if a consumer contract includes such a clause, the representative must disclose and explain it in plain language. The clause itself is declared null and void, though it does not affect the enforceability of other contract terms. The bill defines key terms such as "consumer," "consumer goods," and "mandatory arbitration clause.