Environmental Exposures and Lender Concerns

Managing Risk Environmental Assessments Two Types: Environmental Assessments (catch-all for addressing varying types of issues and tailor to facility) Phase I Environmental Assessment Frequent purpose: To satisfy All Appropriate Inquiry (AAI) and to provide access to the innocent landowner defense Overall purpose: Conditions/activities (including permits [or absence thereof]) that can affect value, impair borrower's ability to repay the loan, or pose liability concerns 22

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