Tennessee law sets monthly penalties for unpaid ambulance assessments
Tennessee law sets a monthly penalty for unpaid assessments and gives June 30, 2027, as the date in its ground ambulance annual assessment provision.
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What it does
For an unpaid assessment, the penalty is 5% of the principal owed for each month it remains unpaid.
The ground ambulance annual assessment provision gives June 30, 2027, as its date.
Argument forA percentage penalty could make the amount owed reflect the size of the unpaid assessment instead of charging a flat daily amount.
Argument againstProviders with unpaid assessments could owe more as the monthly penalty continues, making a growing balance harder to pay.
More detail
The law sets the penalty at 5% of the principal amount owed per month. The penalty language concerns an assessment that remains unpaid. The penalty applies for each month the assessment remains unpaid.
The law sets June 30, 2027, as the date in the ground ambulance annual assessment provision. This date is in the provision for the ground ambulance annual assessment. The date stated in the provision is June 30, 2027.
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