Commercial Real Estate Loans: Minimizing the Environmental Risk for Lenders Under CERCLA | Practical Law
A Practice Note providing guidance on the steps a lender in a commercial real estate loan transaction can take to minimize its risks of environmental liability under federal law. Specifically, this Note discusses how a lender can maintain protection under the secured creditor exemption of the Comprehensive Environmental Response, Liability and Compensation Act of 1980 (CERCLA), also known as the federal Superfund law.