Section 1320-01-02-.04 - NOTICE OF LIEN(a) Notices of lien filed to obtain a stay of collection pursuant to T.C.A. §67-1-1801(c)(I)(C) must include either all of the taxpayer's property both real and personal, wherever situated, or unencumbered property of the taxpayer located in this state equal in value to at least one hundred fifty percent (150%) of the amount of the assessment or the portion thereof challenged by the suit. A notice of lien must be filed with the register of deeds of the county of the taxpayer's domicile or principal place of business in this state, the register of deeds of the county where the property is located, and the office of the Secretary of State.(b) The notice of lien filed with the register of deeds shall be in a form as follows, containing the following terms and conditions: Click to view Image
(c) A notice of lien must also be filed with the office of the Secretary of State. Notices of Lien field in the office of t he Secretary of State shall be filed in quadruplicate, on 5" x 8" blue paper, in a form as follows, containing the following terms and conditions: Click to view Image
(d) If the taxpayer owns property, either real or personal in other states, a notice of lien must be filed in these states, in the office designated for the filing of liens on property in the county in which the property is located and in the office of the Secretary of State of the foreign state. Such notices shall contain the terms and conditions as provided in subparagraphs (b) and (c) and shall be in the same form to the extent possible to file a valid lien in that state.Tenn. Comp. R. & Regs. 1320-01-02-.04
Original rule filed April 19, 1990; effective June 3, 1990.Authority: T.C.A. §§ 67-1-1801 and 67-1-102.