Tennessee Code 7-32-137 – Default in installment payments
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Terms Used In Tennessee Code 7-32-137
- Property: includes both personal and real property. See Tennessee Code 1-3-105
If any property owner defaults in the payment of any installment and interest on the installments, all of the installments, with interest, and an additional sum equal to one half (1/2) the annual interest, shall become immediately due and payable.