First National has just foreclosed on the mortgage of one of its debtors,Rayon Chemical.It will be six months before Rayon can sell the property.What can First National do with the property without risking CERCLA liability?

Question

Quizplus · Accepted Answer

First National can inspect the property to assess any potential environmental hazards and take steps to mitigate them, without taking on the responsibility for CERCLA liability. Operating the plant could potentially expose First National to liability, and it is not too late for them to take actions to avoid CERCLA liability.

First National Has Just Foreclosed on the Mortgage of One