NAHB Now
The American Arbitration Association recently issued revisions to its Home Construction Arbitration Rules and Mediation Procedures, which became effective on August 1. The revisions are intended to expedite the alternative dispute resolution process.
AAA said that it was being responsive to demands from business and consumer clients asking for a more streamlined, cost-effective, and tightly-managed arbitration process.
To help speed things along, AAA increased the upper dollar amount limits for its service levels, resulting in more disputes being heard at lower service levels. For example, disputes where the claim or counterclaim is less than $25,000 are considered Level 1 disputes, up from the previous cap of $10,000.
