N.Y. Civil Practice Law & Rules Section 7516
Confirmation of an award based on a consumer credit transaction

In any proceeding under § 7510 (Confirmation of award)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 its petition (a) the agreement to arbitrate;

(b)

the demand for arbitration or notice of intention to arbitrate, with proof of service; and

(c)

the arbitration award, with proof of service. If the award does not contain a statement of the claims submitted for arbitration, of the claims ruled upon by the arbitrator, and of the calculation of figures used by the arbitrator in arriving at the award, then the petition shall contain such a statement. The court shall not grant confirmation of an award based on a consumer credit transaction unless the party seeking to confirm the award has complied with this section.

Source: Section 7516 — Confirmation of an award based on a consumer credit transaction, https://www.­nysenate.­gov/legislation/laws/CVP/7516 (updated May 13, 2022; accessed Feb. 15, 2025).

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Accessed:
Feb. 15, 2025

Last modified:
May 13, 2022

§ 7516’s source at nysenate​.gov

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