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Talk about our supermajority legislature choosing business over citizens. This is a perfect example of what is wrong with our legislatures–the business lobby has bought our system to the detriment of individual citizens.
“The House proposal would reverse those rulings. In other words, if a bank changes a contract—such as slipping in an arbitration agreement and therefore barring a Hoosier from settling certain differences in court—but the customer doesn’t close the account for another 30 days, that means they’ve accepted the changes.”
Ah yes, let’s change the law so that banks can sneakily strip Hoosiers of their rights to due process.
Imbeciles.
Please, Indiana General Assembly–adjourn. Go home.
The proposed change by the part-time Republican super majority will not hold up in court.
Under contract law, the terms must be accepted in writing by both the lender and the borrower. Any change of those terms requires an amendment which also must be accepted in writing by both parties.
Time to send written notice to those who voted for this that we no longer want them to represent us–and give them no recourse to change the outcome of our written notification. YOU’RE OUT!!