Tennessee § 7-84-418 - Penalty for late payment of assessment or installment.
Full text of Tennessee Tennessee Code Annotated § 7-84-418 — Penalty for late payment of assessment or installment., with citation guidance and answers to common questions.
§ 7-84-418. Penalty for late payment of assessment or installment.
In case of failure to pay any assessment, or installment, on or before the date prescribed by the governing body for such payment, there shall be added to the assessment a penalty of one half of one percent (0.5%) per month of the amount of such assessment or installment. Acts 1971, ch. 268, § 32; T.C.A., § 6-3932. Cross-References. Delinquent interest rate, § 7-84-415 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 7-84-418
What does Tennessee Code Annotated § 7-84-418 cover?
Section 7-84-418 ("Penalty for late payment of assessment or installment.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 7-84-418?
A common citation format is "Tennessee Code Annotated § 7-84-418" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 7-84-418 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.