Tennessee § 66-27-706 Special assessment levies for nonessential amenities - Requirements - Foreclosure prohibited

Tennessee Statutes

§ 66-27-706 — Special assessment levies for nonessential amenities - Requirements - Foreclosure prohibited

Tennessee § 66-27-706

Title66

This text of Tennessee § 66-27-706 (Special assessment levies for nonessential amenities - Requirements - Foreclosure prohibited) 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. § 66-27-706 (2026).

Text

(a)A homeowners' association seeking to levy a special assessment on its members for a nonessential amenity must:

(1)Pass the assessment by at least a two-thirds (2/3) majority vote of the total members in the homeowners' association; and (2) Provide members with financing or a payment plan over a defined period of time.

(b)If a member of the homeowners' association fails to pay a special assessment for a nonessential amenity, then the homeowners' association shall not take a foreclosure action against the property or the member for failure to pay the special assessment.

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(a) A homeowners' association seeking to levy a special assessment on its members for a nonessential amenity must: (1) Pass the assessment by at least a two-thirds (2/3) majority vote of the total members in the homeowners' association; and (2) Provide members with financing or a payment plan over a defined period of time. (b) If a member of the homeowners' association fails to pay a special assessment for a nonessential amenity, then the homeowners' association shall not take a foreclosure action against the property or the member for failure to pay the special assessment.