In its recent amendments to the comprehensive environmental response, compensation and liability act, Congress gave the banking industry significant relief from the risk of exposure to lender liability.

The amendments provide unequivocally that a lender cannot incur liability merely because it has the potential capacity to influence the management or operations of an affected facility. They enumerate the activities that, if taken by a secured lender, will not be deemed to be "participation in management."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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