Retainage Laws In Tennessee Are Revised

Thinking of Withholding Retainage? Tennessee Say Be Careful or Risk Penalties Responding to complaints that retainage is being improperly withheld, deposited or released on Tennessee Projects, the legislature made sever amendments to retainage statutes.  These amendments went into effect on July 1, 2012 and include requirements for owners relating to notice. Administrative RequirementsThe amendments also […]