§ 39-7-106. Fines and penalties on contracts.

Latest version.

(1)	If compliance with the terms of a contract is stayed pursuant to this chapter, a fine or penalty may not accrue by reason of failure to comply during the period of the stay.

(2)	If a service member has not obtained a stay and a fine or penalty is imposed for nonperformance of an obligation, a court may relieve enforcement if the service member was in military service when the penalty was incurred and his ability to pay or perform was materially impaired.

Enacted by Chapter 306, 1997 General Session

                    
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