Environmental Exposures and Lender Concerns

. . Underground Storage Tanks Assessment Issues USTS That Have Been Previously Removed Existing tanks at a facility should not be the sole concern when acquiring facilities. This is especially important for USTs that were removed prior to the effective date of the UST regulations. Prior releases from such USTS may not have been addressed at the time of removal. The subsequent discovery of contamination will likely have to be remediated despite the absence of the UST. This could be a significant concern since the contamination may not be covered by the Trust Fund. 49

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