Environmental
CERCLA (Superfund) affects Michigan real estate primarily by:
ASetting mortgage lending standards for contaminated properties
BImposing potential cleanup liability on current and former owners of contaminated sites✓ Correct
CRegulating wetlands permits on the Great Lakes
DSetting energy efficiency standards for new construction
Explanation
CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) can impose cleanup liability on current owners, prior owners, and others connected to contaminated Superfund sites, creating significant concern for Michigan real estate near industrial or contamination sites.
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