Salvadori v. Option One Mortgage Corp.

OPINION

WOLFSON, District Judge

Presently before the Court is a Motion to Dismiss and Compel Arbitration by Defendant, Option One Mortgage Corp. (“Option One”). Plaintiff, a residential mortgage borrower, filed suit in state court to challenge a prepayment penalty arising out of a loan transaction. Defendant contends that Plaintiffs claims, including his newly pled federal claims, are expressly covered by the parties’ Arbitration Agreement. As such, Defendant seeks enforcement of the Arbitration Agreement via dismissal of Plaintiffs Complaint in favor of arbitration. For the reasons set forth…