Truth in Lending: 12.7.6 Creditor Fails to Pay or Participate in Arbitration; Designated Arbitration Forum Unavailable
Both major arbitration forums, the American Arbitration Association (AAA) and JAMS, may refuse to arbitrate a case, even though they are listed in the arbitration agreement as the designated forum for the arbitration. They may do so if the defendant fails to pay its share of the filing fees or otherwise refuses to participate in the arbitration.1131