Banks that hold a mortgage on land that turns out to have a toxic waste site subject to the Superfund rules are not liable for the cleanup.

Name: Banks that hold a mortgage on land that turns out to have a toxic waste site subject to the Superfund rules are not liable for the cleanup.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

Banks and other lenders who take out a security interest (such as a mortgage) in land that turns out to be contaminated and subject to the Superfund are not liable responsible parties.

Banks That Hold a Mortgage on Land That Turns Out