Agreement Enforceable Even If It is Silent on Arbitral Cost
January 1, 2001
High Court on Arbitration Clauses Mandatory mortgage arbitration clauses are enforceable even if consumer contracts say nothing about who pays for the arbitration, according to a U.S. Supreme Court ruling last month. Deciding Green Tree Financial Corp. v. Larkeeta Randolph, the court held that an arbitration agreement’s silence on the “who pays” question is not enough to render the agreement unenforceable.