Industry representatives are applauding a new Environmental Protection Agency policy statement clarifying the liability of lenders that foreclose on contaminated property.

The statement mirrors a 1992 EPA rule that said a secured lender is liable for cleanup costs only if it participated in the management of the company responsible for the pollution.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.