Tennessee § 68-205-109 Filing and recording of notice of assessment, C-PACER lien, and assignments - Segregation of funds

Tennessee Statutes

§ 68-205-109 — Filing and recording of notice of assessment, C-PACER lien, and assignments - Segregation of funds

Tennessee § 68-205-109

Title68

This text of Tennessee § 68-205-109 (Filing and recording of notice of assessment, C-PACER lien, and assignments - Segregation of funds) 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. § 68-205-109 (2026).

Text

(a)A local government that authorizes financing through special assessments under this chapter shall:

(1)File a written Notice of Assessment and C-PACER lien in the records of the office of the county register of deeds of the county in which the property is located. The notice must contain:

(A)The amount of the assessment;

(B)The legal description of the property;

(C)The name of each property owner;

(D)A copy of the written assessment contract; and (E) A reference to this section authorizing the placement of the assessment and C-PACER lien on the property;

(2)File and record each C-PACER lien in the real property records of the county in which the property is located. The recording must contain:

(A)The legal description of the eligible property;

(B)The name of each property owner;

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(a) A local government that authorizes financing through special assessments under this chapter shall: (1) File a written Notice of Assessment and C-PACER lien in the records of the office of the county register of deeds of the county in which the property is located. The notice must contain: (A) The amount of the assessment; (B) The legal description of the property; (C) The name of each property owner; (D) A copy of the written assessment contract; and (E) A reference to this section authorizing the placement of the assessment and C-PACER lien on the property; (2) File and record each C-PACER lien in the real property records of the county in which the property is located. The recording must contain: (A) The legal description of the eligible property; (B) The name of each property owner; (C) The date on which the lien was created; (D) The principal amount of the lien; and (E) The term of the lien; and (3) Record the executed assignment of the assessment agreement, notice of assignment of assessment, and C-PACER lien, or may delegate the recording to the capital provider receiving the assignment. (b) The amount of funds allotted through a program must be segregated from the calculation of the undisputed portions necessary for property tax appeals under title 67, chapter 5.