New York S02201 mandates that arbitration clauses in consumer contracts be printed in large font type.

New York S02201 amends the general business law to prohibit mandatory arbitration clauses in consumer contracts. The bill requires businesses to display these clauses in large print format, defined as a font size of sixteen points or larger. A violation of this requirement is subject to a civil penalty, with escalating fines for subsequent offenses. The act aims to ensure consumers are clearly informed about arbitration clauses in their contracts.

New York S02201 mandates that arbitration clauses in consumer contracts be printed in large font type.

New York S02201 amends the general business law to prohibit mandatory arbitration clauses in consumer contracts. The bill requires businesses to display these clauses in large print format, defined as a font size of sixteen points or larger. A violation of this requirement is subject to a civil penalty, with escalating fines for subsequent offenses. The act aims to ensure consumers are clearly informed about arbitration clauses in their contracts.