7564 - Form of decision; costs upon frivolous claims and counterclaims.

§   7564.   Form   of   decision;  costs  upon  frivolous  claims  and  counterclaims. (a) The decision in the arbitration proceeding  shall  be  in  the  form required by sections seven thousand five hundred seven and  four thousand two hundred thirteen of this chapter and  shall  be  filed  with the arbitration administrator.    (b)  The  panel  of  arbitrators shall be empowered to award costs and  reasonable attorney's fees to a successful party in an  arbitration,  if  the  panel  finds that the action, claim, counterclaim, defense or cross  claim of an unsuccessful party is  frivolous,  in  accordance  with  the  provisions  and  subject  to  the  limitations of section eight thousand  three hundred three-a of this chapter. The arbitration fee paid  by  the  claimant  shall  be recoverable by the claimant in the event an award is  made to the claimant.