§ 66-34-203. Withholding of Payment or Retainage by Owner
This chapter does not prevent the owner from reasonably withholding payment or a portion of a payment to the prime contractor, as long as the withholding is in accordance with the written contract between the owner and the prime contractor. The owner may also withhold a reasonable amount of retainage as specified in the written […]
§ 66-34-204. Payment of Retainage by Owner
When an owner: Has received a use and/or occupancy permit for an improvement from a governmental agency lawfully issuing such permit; Has received a certificate of substantial completion from an architect or engineer charged with supervision of the construction of an improvement; or Begins to use or could have begun to use an improvement; the […]
§ 66-34-205. Sums Intended as Payment to Be Held in Trust
Any sums allocated by the owner or provided or committed to the owner by a third party that are intended to be used as payment for improvements made to real property by virtue of a written contract between the owner and the prime contractor must be held by the owner or third party in trust […]
§ 66-34-301. Remote Contractor Entitled to Payment From Prime Contractor
Performance by a remote contractor in accordance with a written contract with a prime contractor for improvement of real property entitles the remote contractor to payment from the prime contractor.
§ 66-34-302. Application for Payment for Work — Payment According to Schedule for Payments — Interest
If a remote contractor has performed in accordance with the remote contractor’s written contract with the prime contractor, then the prime contractor shall pay to the remote contractor the full amount earned by the remote contractor, subject only to any condition precedent for payment clause in the contract, and less only those amounts withheld in […]
§ 66-34-303. Withholding of Payment or Retainage by Prime Contractor
This chapter does not prevent the prime contractor from reasonably withholding payment or a portion of payment to the remote contractor, as long as the withheld payment is in accordance with the written contract between the prime contractor and the remote contractor. The prime contractor may also withhold a reasonable amount of retainage as specified […]
§ 66-34-304. Payments to Be Held in Trust by Prime Contractor
Any sums received by the prime contractor as payment for work, services, equipment, and materials supplied by the remote contractor for improvements to real property must be held by the prime contractor in trust for the benefit and use of the remote contractor, and are subject to all legal and equitable remedies.
§ 66-34-401. Payment by Remote Contractor to Remote Contractor
A remote contractor contracting in writing with another remote contractor for the improvement of real property shall make payment to the other remote contractor in accordance with part 3 of this chapter.
§ 66-32-311. Retail Installment Sales Act Applicable
Membership camping contracts covered by this part shall be subject to the Tennessee Retail Installment Sales Act, compiled in title 47, chapter 11.
§ 66-32-312. Void Agreement — Waiver of Cancellation Provisions
Any contractual agreement containing a waiver of § 66-32-304 is contrary to public policy and is void and unenforceable.