If you’re considering legal action against your solar panel lender due to misrepresentations or a breach of contract, one of the most common questions you might have is: How long does the process take?
The timeline for resolving these cases can vary depending on multiple factors, including state-specific legal requirements and whether the lender responds to initial demands. Below, we outline the key stages of the process and what you can expect as you move forward with your case.
Step 1: Sending the Demand Letter (60 Days)
Every state requires that a formal demand letter be sent to the defendant before filing a lawsuit or arbitration claim. This step is crucial because if you proceed directly to arbitration without sending a demand letter, you may lose the ability to recover attorney’s fees.
To ensure compliance with all state regulations, we include a 60-day demand period in our letters. Once the demand letter is sent, the defendant has 60 days to respond. During this time, they can resolve the issue without escalating to legal proceedings. Therefore, prompt action can prevent a lawsuit. However, in most cases, lenders do not respond within this timeframe.
Step 2: Filing for Arbitration (Immediately After 60 Days)
Once the 60-day demand period expires with no satisfactory resolution, we move forward with arbitration. This includes:
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- Drafting the arbitration demand
- Filing the case with the arbitration provider
- Paying the necessary filing fees
- Serving the lender with the arbitration notice
This step typically happens very shortly after the demand period ends, ensuring there is minimal delay in pursuing your claim.
Step 3: Arbitration Proceedings (Varies by Case)
After arbitration is filed, the next phase involves scheduling and conducting arbitration hearings. The timeline for this stage varies significantly based on factors such as:
- The arbitration provider’s scheduling availability
- The lender’s willingness to settle before a hearing
- The complexity of the case and the volume of evidence
Most arbitration cases take several months to over a year to reach a final resolution. However, if the lender chooses to settle early, the process may be expedited.
Step 4: Resolution and Settlement
The best-case scenario is a settlement, where the lender agrees to cancel the loan or provide financial compensation without requiring a full arbitration hearing. If the case proceeds to a final arbitration ruling, a resolution may take longer, but ultimately, our goal is to achieve the best possible outcome for our clients.
Conclusion: A Realistic Expectation of the Timeline
While the total timeline varies, here’s a general estimate of how long the process might take:
- Initial demand letter period: 60 days
- Filing for arbitration: Immediately after 60 days
- Arbitration proceedings: Several months to over a year
It’s important to have realistic expectations and understand that legal proceedings take time. However, by following a structured approach and taking swift action after deadlines pass, we work to move your case along as efficiently as possible.
If you have more questions about your case or need assistance with your solar panel loan dispute, contact us today to discuss your options.
