Tennessee Statutes

§ 43-20-213 — Personal debt of purchaser - Late payment penalty

Tennessee § 43-20-213

This text of Tennessee § 43-20-213 (Personal debt of purchaser - Late payment penalty) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 43-20-213 (2026).

Text

Any amount withheld, or that should have been withheld, by the purchaser due to the assessment shall be a personal debt of the purchaser. If the purchaser's monthly payments to the board are not timely made, a penalty of ten percent (10%) of the amount due shall be imposed. The board is authorized to collect assessments due by any legal proceeding in a court of competent jurisdiction.

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Legislative History

Acts 1985, ch. 108, § 13; 1991, ch. 157, § 4.

Nearby Sections

15
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Bluebook (online)
Tennessee § 43-20-213, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/43-20-213.