Environmental
CERCLA (the 'Superfund' law) in real estate is significant because it:
AProvides funding for affordable housing
BCan impose liability on current property owners for cleanup of hazardous waste contamination, even if they did not cause it✓ Correct
CRegulates flood insurance rates
DGoverns mortgage lending practices
Explanation
CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) can impose strict, joint and several liability on current property owners for hazardous waste cleanup — even innocent purchasers — unless they qualify for the innocent landowner defense.
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