Land, lending and liability
Language: English Series: Chartered Banker ; 2(4) April 1996, 44-50(5)Publication details: 1996Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS54711 (Browse shelf(Opens below)) | 1 | Available | 11917-1001 |
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.