What Happens When the Arbitration Retainer Is Paid

After your arbitrator has been assigned, the arbitration organization issues an important invoice: the arbitration retainer, which covers their time and administration fees. This step is key for your case to move forward.

Here’s what you need to know.

Who Pays the Arbitration Retainer?

The arbitration service bills the respondent’s counsel, usually your lender, for this deposit. The amount is typically $5,000. Your portion as the consumer has already been paid in full at the beginning of the process: only $250 for consumer arbitration.

This deposit is required before the arbitration service schedules hearings and begins the formal procedural steps.

Possible Delays From Non-Payment

Unfortunately, some lenders delay paying their invoice for the arbitration retainer. When this happens, it can slow your case down.

Prevost Law Firm employs a dedicated team member whose job is to track all arbitration invoices closely. This allows us to identify and address delays quickly, including reminding opposing counsel of their payment obligations and taking legal action if necessary.

Keeping Your Case Moving

While it can be frustrating when lenders delay payments, Prevost Law Firm stays on top of these issues to keep your case moving as quickly as possible.

If you’re dealing with a solar loan or installation dispute, you don’t have to navigate this complex process alone. Contact Prevost Law Firm today to get experienced legal guidance every step of the way.