HB 18-1261

HB 18-1261, also known as the Colorado Arbitration Fairness Act, aims to protect consumers and employees by setting ethical standards for arbitrators. It allows anyone involved in arbitration to challenge an arbitrator's fairness in court if they believe there’s bias. The bill requires arbitrators to disclose any potential conflicts of interest and provides legal action against those who violate these rules. Since the bill has been signed, it is now law and affects how disputes between consumers or employees and businesses are handled through arbitration processes.

Official Summary

The bill applies to certain consumer and employment arbitrations and: Establishes ethical standards for arbitrators; Specifies that any party may challenge in court the impartiality of an arbitrator or arbitration services provider; Requires specified disclosures by arbitrators and arbitration services providers; Authorizes injunctive relief against an arbitrator or arbitration services provider who engages in certain specified acts; and Specifies that a right conferred by the bill may not be waived prior to a demand or filing of a claim and only afterward by a signed waiver.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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