A Lender's Guide to Environmental Liability Management: 1st Edition (Hardback) book cover

A Lender's Guide to Environmental Liability Management

1st Edition

By Thomas M. Missimer, James L. Kammert

CRC Press

240 pages

Purchasing Options:$ = USD
Hardback: 9780873719940
pub: 1996-06-19
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Learn how to handle the uncertainty associated with environmental liability in A Lender's Guide to Environmental Liability Management. This concise, nontechnical handbook provides detailed information on how these ever-present liabilities can be managed effectively. It gives you the facts you need to explore lending opportunities in new areas while ensuring that your institution operates without unnecessary exposure to financial loss. This much-needed guide provides down-to-earth explanations of the liabilities arising from environmental problems, the science behind these liabilities, and the methods that lenders should implement to minimize financial risk - all without a single mathematical or scientific equation.

The guide, divided into six main sections, is filled with must-have information focusing on o environmental law and the lender o the science of soil and groundwater contamination o recommendations for lending institutions' environmental policies o methods for management of contamination liability o techniques for management of contaminated sites o and the lender's role in trusts and financial management. Become environmentally literate and improve your financial decision-making outcomes with A Lender's Guide to Environmental Liability Management. This extremely useful and practical book will save you worry, time, and money.

Table of Contents

An Introduction to Environmental Liabilities and How to Use This Book

What Are the Types of Environmental Liabilities?

How to Use This Book

Environmental Law and the Lender

Liability for Soil and Groundwater Contamination

Other Environmental Liabilities (Clean Water Act, Endangered Species Act, Clean Air Act, Occupational Safety and Health Act)

The Future of Federal Environmental Laws

A Primer on Soil and Groundwater Contamination

What Is Contamination?

The Hydrologic Cycles and the Flow of Groundwater and Surface Waters

How Does Contamination Move?

Cleanup of Contamination

The Lending Institution Environmental Policy

Creation of an Environmental Risk Manual

of the Environmental Risk Manual

Background Information on Risks and Rewards

Criminal Sentences and Civil Penalties

Indirect Customer Harm

Background Information on Due Diligence

Policy Statements


Evaluation Steps

Documentation/Specific Industries

Problem Assets

Management of Contamination Liability

What Types of Transactions Should Require an Environmental Site Assessment?

Technical Aspects of the Transaction Screen Process

Technical Aspects of the Phase I Environmental Site Assessment

Terms and Limiting Conditions, Contractual Responsibilities

Site Information

Site Descriptions

Records Reviews

Site Investigation

Site Inspections

Discussions of Special On-Site Investigations

Discussions of Off-Site Investigations and Land Uses

Findings and Conclusions

Advantages of the Phase I ESA

Disadvantages of the Phase I ESA

Management of Contaminated Sites

Contamination Found During a Phase I Environmental Site Assessment: The Art of Salvaging a Deal

Contamination Found on Institution-Owned Property

Foreclosure of Contaminated Property

The Lender in Trusts and in Management Influence


Decision Influence

Other Environmental Issues


Sovereign Lands

Listed Species and Critical and Unique Habitat


Radon Gas and Indoor Clean Air

Electromagnetic Fields


Substances Known to Contaminate Groundwater

Environmental Agreement

Environmental Consulting Services Agreement

Each section also includes a list of references for further reading

Subject Categories

BISAC Subject Codes/Headings:
LAW / Environmental