This memorandum transmits Agency policy of for interpreting the provisions of CERCLA that address (1) lenders and (2) government entities that acquire property involuntarily. Clarifies the circumstances in which EPA intends to apply as guidance the provisions of the CERCLA Lender Liability Rule and its preamble in interpreting CERCLA’s amended secured creditor exemption. Issued 6/30/1997.

• Policy on Interpreting CERCLA Provisions Addressing Lenders and Involuntary Acquisitions by Government Entities (PDF)(6 pp, 35 K)