California Health and Safety Code

§ 25548.2

HSC § 25548.2 Effective Jan 1, 1997Div. 20 · Ch. 6.96

Statute text

(a)(1) Except as provided in Sections 25548.4 and 25548.5, a person, by reason of acting in the capacity of a lender, shall not be liable under any state or local statute, regulation, or ordinance to the extent of either of the following:

(A)To the extent that the statute, regulation, or ordinance requires the person to take a removal or remedial action, pay a penalty, fine, imposition, or assessment, or to forfeit the property specified in paragraph (2), and that liability arises from the release or threatened release of hazardous materials, at, from, or in connection with the property.

(B)To the extent that the statute, regulation, or ordinance authorizes damages arising from the release or threatened release of hazardous materials, at, from, or in connection with the property specified in paragraph (2).

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Legislative history

Added by Stats. 1996, Ch. 612, Sec. 1. Effective January 1, 1997.