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Environmental Risk Advisor:
ASTM Update Announcement

ASTMCharlotte, North Carolina - The U.S. Environmental Protection Agency (EPA) formally announced on Monday, October 6, 2014, that it will be amending the All Appropriate Inquiries Rule (40 CFR part 312).  Specifically, the EPA is replacing the reference to ASTM International’s E1527-05 standard practice with a reference to the updated ASTM E1527-13 “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessments Process.”  The EPA has announced the changes will be effective beginning October 6, 2015.  ASTM International published the updated ASTM E1527-13 standard in November 2013 and it is currently the recognized industry standard to conduct all appropriate inquiries under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA).  

A copy of the Federal Register including this announcement can be found here.

About Environmental Risk Innovations
ERI is the nation’s largest environmental risk consulting firm, specializing in the management of environmental risk for commercial lenders.  ERI’s clients include a broad base of commercial lenders, from small regional banks to large banks with national footprints.  ERI develops internal environmental risk policy for commercial lenders, provides third-party review of environmental assessment reports, and conducts Records Search with Risk Assessments (RSRAs)/“desktop reviews” on commercial properties.  ERI is not a traditional environmental consulting firm that performs Phase I or Phase II Environmental Site Assessments.  As a result, ERI’s recommendations represent a truly independent, third-party opinion that conforms to the client bank’s specific risk tolerance. 

For more information on ERI's environmental consulting expertise, please contact Karen Nelson at knelson@eRiskInnovations.com or 704.548.9333.

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