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7501 – Effect of Arbitration Agreement.

§ 7501. Effect of arbitration agreement. A written agreement to submit any controversy thereafter arising or any existing controversy to arbitration is enforceable without regard to the justiciable character of the controversy and confers jurisdiction on the courts of the state to enforce it and to enter judgment on an award. In determining any matter […]

7504 – Court Appointment of Arbitrator.

§ 7504. Court appointment of arbitrator. If the arbitration agreement does not provide for a method of appointment of an arbitrator, or if the agreed method fails or for any reason is not followed, or if an arbitrator fails to act and his successor has not been appointed, the court, on application of a party, […]

7505 – Powers of Arbitrator.

§ 7505. Powers of arbitrator. An arbitrator and any attorney of record in the arbitration proceeding has the power to issue subpoenas. An arbitrator has the power to administer oaths.

7506 – Hearing.

§ 7506. Hearing. (a) Oath of arbitrator. Before hearing any testimony, an arbitrator shall be sworn to hear and decide the controversy faithfully and fairly by an officer authorized to administer an oath. (b) Time and place. The arbitrator shall appoint a time and place for the hearing and notify the parties in writing personally […]

7507 – Award; Form; Time; Delivery.

§ 7507. Award; form; time; delivery. Except as provided in section 7508, the award shall be in writing, signed and affirmed by the arbitrator making it within the time fixed by the agreement, or, if the time is not fixed, within such time as the court orders. The parties may in writing extend the time […]

7508 – Award by Confession.

§ 7508. Award by confession. (a) When available. An award by confession may be made for money due or to become due at any time before an award is otherwise made. The award shall be based upon a statement, verified by each party, containing an authorization to make the award, the sum of the award […]

7509 – Modification of Award by Arbitrator.

§ 7509. Modification of award by arbitrator. On written application of a party to the arbitrators within twenty days after delivery of the award to the applicant, the arbitrators may modify the award upon the grounds stated in subdivision (c) of section 7511. Written notice of the application shall be given to other parties to […]

7510 – Confirmation of Award.

§ 7510. Confirmation of award. The court shall confirm an award upon application of a party made within one year after its delivery to him, unless the award is vacated or modified upon a ground specified in section 7511.

7511 – Vacating or Modifying Award.

§ 7511. Vacating or modifying award. (a) When application made. An application to vacate or modify an award may be made by a party within ninety days after its delivery to him. (b) Grounds for vacating. 1. The award shall be vacated on the application of a party who either participated in the arbitration or […]

7512 – Death or Incompetency of a Party.

§ 7512. Death or incompetency of a party. Where a party dies after making a written agreement to submit a controversy to arbitration, the proceedings may be begun or continued upon the application of, or upon notice to, his executor or administrator or, where it relates to real property, his distributee or devisee who has […]

7513 – Fees and Expenses.

§ 7513. Fees and expenses. Unless otherwise provided in the agreement to arbitrate, the arbitrators’ expenses and fees, together with other expenses, not including attorney’s fees, incurred in the conduct of the arbitration, shall be paid as provided in the award. The court, on application, may reduce or disallow any fee or expense it finds […]

7514 – Judgment on an Award.

§ 7514. Judgment on an award. (a) Entry. A judgment shall be entered upon the confirmation of an award. (b) Judgment-roll. The judgment-roll consists of the original or a copy of the agreement and each written extention of time within which to make an award; the statement required by section 7508 where the award was […]

7515 – Mandatory Arbitration Clauses; Prohibited.

§ 7515. Mandatory arbitration clauses; prohibited. (a) Definitions. As used in this section: 1. The term “employer” shall have the same meaning as provided in subdivision five of section two hundred ninety-two of the executive law. 2. The term “prohibited clause” shall mean any clause or provision in any contract which requires as a condition […]

7516 – Confirmation of an Award Based on a Consumer Credit Transaction.

§ 7516. Confirmation of an award based on a consumer credit transaction. In any proceeding under section 7510 of this article to confirm an award based on a consumer credit transaction, the party seeking to confirm the award shall plead the actual terms and conditions of the agreement to arbitrate. The party shall attach to […]