Designation:E1528−14StandardPracticeforLimitedEnvironmentalDueDiligence:TransactionScreenProcess1ThisstandardisissuedunderthefixeddesignationE1528;thenumberimmediatelyfollowingthedesignationindicatestheyearoforiginaladoptionor,inthecaseofrevision,theyearoflastrevision.Anumberinparenthesesindicatestheyearoflastreapproval.Asuperscriptepsilon(´)indicatesaneditorialchangesincethelastrevisionorreapproval.1.Scope1.1Purpose—ThepurposeofthispracticeistodefineagoodpracticeintheUnitedStatesofAmericaforconductingatransactionscreen2foraparcelofcommercialrealestatewheretheuserwishestoconductlimitedenvironmentalduediligence(thatis,lessthanaPhaseIEnvironmentalSiteAssessment).IfthedrivingforcebehindtheenvironmentalduediligenceisadesiretoqualifyforoneoftheComprehensiveEnvironmentalResponse,Compensation,andLiabilityAct(CERCLA)LandownerLiabilityProtections(LLPs),thisprac-ticeshouldnotbeapplied.Instead,theASTME1527:StandardPracticeforEnvironmentalSiteAssessments:PhaseIEnviron-mentalSiteAssessmentProcessorASTME2247:StandardPracticeforEnvironmentalSiteAssessments:PhaseIEnviron-mentalSiteAssessmentProcessforForestlandorRuralProp-ertymaybeused.1.1.1Thispracticewillnotsatisfytherequirementtoconductallappropriateinquiriesintothepreviousownershipandusesofthepropertyconsistentwith“generallyacceptedgoodcommercialandcustomarystandardsandpractices”asdefinedin42U.S.C.§9601(35)(B)toqualifyforoneoftheComprehensiveEnvironmentalResponse,Compensation,andLiabilityAct(CERCLA)LandownerLiabilityProtections(LLPs).UserswhodesiretoconductenvironmentalduediligencetoqualifyforoneoftheCERCLALLPsshouldconductassessmentactivitiesinconformitywith“StandardsandPracticesforAllAppropriateInquiries,”40C.F.R.Part312,ASTME1527:StandardPracticeforEnvironmentalSiteAssessments:PhaseIEnvironmentalSiteAssessmentProcessorASTME2247:StandardPracticeforEnvironmentalSiteAssessments:PhaseIEnvironmentalSiteAssessmentProcessforForestlandorRuralProperty.1.2Anevaluationofbusinessenvironmentalriskassociatedwithaparcelofcommerc...
