Environmental
In NJ, a seller who knows their property had a prior use involving hazardous materials but does NOT disclose it is potentially liable for:
ANothing if the sale has already closed
BFraudulent misrepresentation, NJREC disciplinary action, and liability under CERCLA and the NJ Spill Act✓ Correct
COnly the cost of cleanup after discovery
DA small administrative fine only
Explanation
Knowingly concealing environmental contamination exposes a NJ seller to fraud claims, NJREC disciplinary action, and substantial environmental liability under both state (Spill Act) and federal (CERCLA) law.
Related New Jersey Environmental Questions
- Under NJ law, if an environmental assessment reveals contamination on a property being purchased, the buyer should require the seller to:
- In NJ, the Environmental Cleanup Responsibility Act (ECRA), predecessor to ISRA, required:
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- The Atlantic City coastal market is subject to special considerations including:
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