Tennessee · Tennessee Code — full code (public domain; via Open US Law, CC BY 4.0)
Tenn. Code § 66-34-103: Tenn. Code Ann. § 66-34-103
What this law says, in plain English
Tennessee law limits construction contract retainage to 5% and requires owners and contractors to release retainage within specified timeframes. Failure to comply is a Class A misdemeanor with fines up to $3,000 and court-ordered restitution.
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