Thursday, July 2, 2009

Environmental Impact Study on a Remodel/Refi

Question: Our bank does not require an environmental impact study on a remodel/refinance project but our denomination does. Can you explain that?

Answer: The denomination is simply complying with EPA and Federal laws. It is not a banking or refinance requirement. This is a construction requirement related to the remodel project. It would be required for asbestos determination and documentation.

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