Section 8 Lender Liability

• Library: Environmental Law 2007 Supp

Lenders have successfully avoided CERCLA liability under the Asset Conservation, Lender Liability, and Deposited Insurance Protection Act of 1996, Pub. L. No. 104-208, 110 Stat. 3009. See Monarch Tile, Inc. v. City of Florence, 212 F.3d 1219 (11^th Cir. 2000); Kelly ex rel. Mich. Natural Res. Comm’n v. Tiscornia, 104 F.3d 361 (6^th Cir. 1996) (a lender’s participation in the financial or administrative aspects of the debtor’s business, including the lender’s personnel serving as directors of the...