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Underground Storage TanksLender Liability

hazardous-waste · Rule · Published 1995-09-07 · Effective 1995-12-06 · 60 FR 46692

Document

Document number
95-21982
Federal Register citation
60 FR 46692
CFR reference
40 CFR 280
Type
Rule
Action
Final rule.
Category
hazardous-waste
Publication date
1995-09-07
Effective date
1995-12-06
EPA docket
FRL-5292-1

Abstract

The Environmental Protection Agency (EPA) is issuing this rule under the Resource Conservation and Recovery Act (RCRA), Subtitle I-- Regulation of Underground Storage Tanks. This rule limits the regulatory obligations of lending institutions and other persons who hold a security interest in a petroleum underground storage tank (UST) or in real estate containing a petroleum underground storage tank, or that acquire title or deed to a petroleum UST or facility or property on which an UST is located. This final rule specifies conditions under which these ``security interest holders'' may be exempted from the RCRA Subtitle I corrective action, technical, and financial responsibility regulatory requirements that apply to an UST owner and operator. This rule should result in additional capital availability for UST owners, many of whom are small businesses, and will assist them in meeting environmental requirements by improving their facilities.

Source

Authoritative
Federal Register document
Machine
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