§ 40-19. Arbitration clauses.

Latest version.

(a) Any provision in a new home sales contract that requires arbitration of any dispute between buyer and seller must give both the buyer and seller an opportunity, when the arbitration procedure is to be initiated, to disaffirm the agreement to participate in the arbitration. At that time, either the buyer or seller may decide not to proceed with arbitration and may instead exercise any other remedy available by law.
(b) Any arbitration provision must clearly describe the method of arbitration to be used. (1989 L.M.C., ch. 25, § 1.)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');