SB1603 — Contractors - As introduced, changes the timing of when retainage is due a contractor and when, and in what manner, notice of the initial retainage deposit in an escrow account is made. - Amends TCA Title 66, Chapter 34.

SB1603 — Contractors - As introduced, changes the timing of when retainage is due a contractor and when, and in what manner, notice of the initial retainage deposit in an escrow account is made. - Amends TCA Title 66, Chapter 34. · Informed CitizenrySB1603 amends Tennessee Code Annotated Title 66, Chapter 34 to modify the timing of retainage payments and the notification requirements for escrow deposits. The bill requires owners (public or pri…Open in Informed Citizenry