Miguel Ibarra v. Navient Solutions, LLC
Opinion
trial_court Opinion
I. BACKGROUND
On June 15, 2006, Ibarra filled out a “Full Sail Signature Student Loan Application and Promissory Note” with Sallie Mae Education Trust for the amount of $12,000. (Petition ¶ 10; Loan Agreement, Petition Ex. 1, Doc. 1-1.) Under the Loan Agreement, Sallie Mae assigned certain rights to Navient. (See Arbitration Award at 1, Lueck Decl. Ex. E., Doc. 7-1.) The Loan Agreement incorporates an arbitration agreement which states that “either party may elect to arbitrate – and require the other ____________________________________________________________________________
UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
CIVIL MINUTES – GENERAL
Case No. 8:19-cv-01764-JLS-DFM Date: December 05, 2019 Title: Miguel Ibarra v. Navient Solutions, LLC party to arbitrate – any Claim.” (Loan Agreement at 6, § Q.) It further provides, in pertinent part:
The arbitrator’s award will be final and binding except for: (A) any appeal right under the Federal Arbitration Act, 9 U.S.C. §§ 1 et seq. (the “FAA”), and (B) Claims involving more than $50,000. For Claims involving more than $50,000, any party may appeal the award to a…