Environmental Site Assessment, Lender Liability Training

Understanding Lender Environmental Liabilities and Environmental Review Requirements
Minnetonka, Minnesota
January 19, 2011

This half day training seminar is being provided for individuals who have responsibilities for managing liabilities associated with commercial lending, and those needing to meet environmental due diligence requirements prescribed by the U.S. Small Business Administration (SBA).

Agenda

Legal and Regulatory Aspects of Lender Environmental Liability. Lenders need to be aware of potential environmental liability associated with the past use of property. This session will focus on due diligence review, the All Appropriate Inquiry standard and liability assurances that are available to Lenders and Borrowers to address these liability concerns.

Lender Liability Protection and Due Diligence Tools. This session will provide an overview of the typical assessment tools, including transaction screening, Phase 1 and 2 environmental site assessments. The session will also cover a specific type of assessment process required by SBA, a “Records Search With Risk Assessment”. Finally, the session will discuss the use of Reliance Letters by Lenders and SBA.

Overview of SBA Environmental Policies and Procedures. This session will provide an overview of environmental review requirements in SBA Standard Operating Procedure SOP 50-10(5), which applies to 504 Loan programs, and SOP 50-51(3), which defines the Post-default Environmental Investigations required by SBA.

Case Studies. During the final session, case studies will be presented to emphasize the key concepts of Lender Environmental Liabilities.

For further information go to:
Understanding Lender Environmental Liabilities and Environmental Review Requirements



Sponsored by Caltha LLP, a leading provider of environmental assessment & environmental due diligence services in Minnesota

Minneapolis, MN, Pine River, MN, Eau Claire, WI, Tucson, AZ
www.calthacompany.com