'Safe harbor' limits lender liability. (Environmental Protection Agency rule): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on January 25, 1993. The length of the article is 1094 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: US District Court Judge Paul A. Magnuson has ruled that, under a new retroactive Environmental Protection Agency (EPA) law, Industry Financial Corp (IFC) is not responsible for the pollution cleanup of land occupied by Sonford Products Corp, which had borrowed money from IFC. The EPA rule, enacted in summer 1992, defines the circumstances under which lenders can be exempted from liability for the pollution responsibility of their borrowers. The ruling is not expected to discourage purchases of pollution liability insurance and is beneficial for financial institutions.

Citation Details
Title: 'Safe harbor' limits lender liability. (Environmental Protection Agency rule)
Author: Evelyn Gilbert
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: January 25, 1993
Publisher: The National Underwriter Company
Issue: n4 Page: p1(2)

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