43-29-116 - Personal debt Penalties Collection. - Tennessee Statutes

43-29-116. Personal debt Penalties Collection.

Any amount withheld, or that should have been withheld, by the purchaser due to an assessment shall be a personal debt of the purchaser. If the purchaser's monthly payments to the commissioner are not timely made, a penalty of ten percent (10%) of the amount due shall be imposed. The commissioner may bring a civil action against the purchaser for collection of the debt and the above specified ten percent (10%) penalty.

[Acts 1985, ch. 188, § 16.]