Lenders are immune from liability under CERCLA if a contaminated property goes through foreclosure.

Name: Lenders are immune from liability under CERCLA if a contaminated property goes through foreclosure.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Lenders can potentially be held liable under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) if they foreclose on a contaminated property and thereby become the owner or operator of the site.

Lenders Are Immune from Liability Under CERCLA If a Contaminated