Asset Conservation, Lender Liability and Deposit Insurance Act of 1996

0.01 sec.

An amendment to the

Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) made in response to mortgage lender anxiety regarding statutory language that might make lenders liable for cleanup of contaminated sites, simply by virtue of their mortgage interest or as the result of a foreclosure.The amendments protect lenders from liability,preforeclosure,unless they participated in the contamination. It also shields them after a foreclosure, but only if they sell the property at the earliest practicable, commercially reasonable, time.

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No references found			However, since the enactment of the federal law known as The Asset Conservation, Lender Liability and Deposit Insurance Act of 1996, there has been somewhat of a rebound in this lending activity. Selling 'dirty property.' by Seaman, Marjorie / Real Estate Weekly			Assented Stock Assess Assessable Capital Stock Assessable Insurance Assessable Mutual Assessed Valuation assessed value assessment Assessment Company Assessment of Deficiency Assessment Period Assessment Ratio Assessment Roll assessor assessor parcel number asset Asset Activity Ratios Asset Adequacy Tested Reserve Asset Allocation Asset allocation decision Asset Allocation Fund Asset Allocation Mutual Fund Asset Backed Asset Class Asset Classes Asset Conservation, Lender Liability and Deposit Insurance Act of 1996 asset cost recovery system Asset Coverage Asset Coverage Ratio asset depreciation range Asset Depreciation Range System Asset Depreciation Risk Asset Financing Asset for Asset Swap Asset Impairment Asset Ledger asset management Asset Management Account Asset Motive Asset Play Asset Price Asset Pricing Model Asset Quality asset redeployment Asset Retirement Obligation Asset Sale Asset Share Value Asset Stripper Asset Stripping Asset Substitution Asset Substitution Problem			Asset Backed Funds Asset Backed Funds Asset backed securities Asset Backed Securities Index Asset Backed Securities Index - Home Equity Asset Backed Security Asset Balance Card Asset Balance File Asset Based Finance Asset Based Finance Association Asset Based Financing Asset Based Lending Asset Based Lending Asset Capitalization Program Asset Card Asset Card Asset Card Asset Cards Asset Cards Asset Cards Asset class Asset classes Asset classes Asset classes Asset classes Asset classes Asset Component Prototype System Asset Condition Index Asset Condition Inspection Asset Condition Reporting System Asset Conservation, Lender Liability and Deposit Insurance Act of 1996 Asset Consulting Group Asset Control Subsystem Asset Control System Asset Conversion Loan Asset Conversion Loans asset cost recovery system Asset Cover Asset Cover Ratio Asset Coverage Asset Coverage Ratio Asset Coverage Test Asset Depreciation Range Asset Depreciation Range Asset Depreciation Range Asset Depreciation Range Asset Depreciation Range System Asset Depreciation Range System Asset Depreciation Risk Asset Depreciation Risks Asset Description Metadata Schema Asset Development Project Asset Discovery Tool Asset Economic Value Added Asset Equity Ratio Asset Evaluation Worksheet Asset Exchange Asset Exchanges Asset Finance Quotation System

Financial Dictionary

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