Land, lending and liability
Case, P.
Land, lending and liability - 1996 - Chartered Banker 2(4) April 1996, 44-50(5) .
Considers lender liability for cleaning up contaminated land under the Environment Act 1995 if borrower defaults or original polluter cannot be traced. Recommends commissioning environmental checks on land before granting loan. Example of a hotel business forced to close due to soil contamination and the financial loss to the lender.
CLEAN UP
CONTAMINATED LAND
ENVIRONMENT ACT 1995
ENVIRONMENTAL RISK APPRAISAL
LENDER LIABILITY
LIABILITY
Land, lending and liability - 1996 - Chartered Banker 2(4) April 1996, 44-50(5) .
Considers lender liability for cleaning up contaminated land under the Environment Act 1995 if borrower defaults or original polluter cannot be traced. Recommends commissioning environmental checks on land before granting loan. Example of a hotel business forced to close due to soil contamination and the financial loss to the lender.
CLEAN UP
CONTAMINATED LAND
ENVIRONMENT ACT 1995
ENVIRONMENTAL RISK APPRAISAL
LENDER LIABILITY
LIABILITY