Compensation & Arbitration

Question 1

Governs the settlement of claims between DFIs. Compensation or Arbitration?

Answer 1

Compensation

Question 2

Claim only processed if the amount of the damages claimed is $250 or more. Compensation or Arbitration?

Answer 2

Arbitration

Question 3

$200 Administration Fee. Compensation or Arbitration?

Answer 3

Compensation

Question 4

In general, this should not exceed the benefit, but may include interest and penalties as a result of an overdraft. Compensation or Arbitration?

Answer 4

Compensaiton

Question 5

Governs the settlement of disputes between DFIs. Compensation or Arbitration?

Answer 5

Arbitration

Question 6

$250 application fee. Compensation or Arbitration?

Answer 6

Arbitration

Question 7

There are three classifications of disputes. Compensation or Arbitration?

Answer 7

Arbitration

Question 8

Claim shall be paid for an entry if the loss suffered by the claimant is at least $200 per entry.

Answer 8

Compensation

Question 9

Arbitration A:
__?__ $ Damages
__?__ $ Arbitrator Stipend
__?__ # Arbitrators

Answer 9

Damages = More than $250 and less than $10,000
Stipend = $100
Arbitrators = One

Question 10

Arbitration B:
__?__ $ Damages
__?__ $ Arbitrator Stipend
__?__ # Arbitrators

Answer 10

Damages = More than $10,000 and less than $50,000
Stipend = 1% of the arbitrator’s decision
Arbitrators = Three

Question 11

Arbitration C:
__?__ $ Damages
__?__ $ Arbitrator Stipend
__?__ # Arbitrators

Answer 11

Damages = More than $50,000
Stipend = 1.5% of the arbitrator’s decision
Arbitrators = Three