Ncp Finance Ltd. Partnership v. Escatiola

OPINION

Opinion by:

SANDEE BRYAN MARION, Justice.

In this accelerated appeal, appellants, NCP Finance Limited Partnership and NMCapital, Inc. (collectively “NCP”), appeal from the trial court’s order on their motion to compel individual arbitration and stay litigation pending arbitration. We reverse and remand.

BACKGROUND

ACE Credit Service, LLC (“ACE”) is a registered Texas credit services organization, and NMCapital is an out-of-state lender and a general partner of NCP Finance Limited Partnership, a Texas limited partnership. On February 16, 2008, appellee, Humberto Escatiola, obtained a loan…