ASTM E1528-22

4.7.1?The contractual and legal obligations between prior and subsequent users of transaction screens or between those who conducted prior 4.8?If the 1.1?PurposeThe purpose of this practice is to define a good practice in the United States of America for conducting a 1.1.1?This practice will not satisfy the requirement to conduct all appropriate inquiries into the previous ownership and uses of the subject property consistent with generally accepted good commercial and customary standards and practices as defined in 42 U.S.C. ?9601(35)(B) to qualify for one of the Comprehensive Environmental Response, Compensation, and Liability Act 1.2?An evaluation of business environmental risk associated with a parcel of 1.2.1?Potential Environmental ConcernsThe goal of conducting a transaction screen is to identify potential environmental concerns as defined in 3.2.36.

1.2.2?Other Federal, State, and Local Environmental LawsThis practice does not address requirements of any state or local laws or of any federal laws. 1.3?ObjectiveThe objective guiding the development of this practice is to facilitate standardized 1.3.1?Note of CautionThe user should be cautious in applying this practice to 1.3.2?Potentially Appropriate UsesThis practice may be especially appropriate for properties in rural, non-industrial, or undeveloped locations or, subject to the criteria of a lending institution, in connection with a financing of Note 1:?In general, a transaction screen assessment is not suitable for purposes of evaluating environmental conditions of a 1.4?Considerations Beyond the ScopeThe use of this practice is strictly limited to the scope set forth in this section. Section 9 of this practice identifies, for informational purposes, certain environmental conditions (not an all-inclusive list) that may exist on a 1.5?Organization of This PracticeThis practice has several parts and one appendix. Section 1 is the Scope. Section 2 refers to other ASTM standards in the Referenced Documents. Section 3, Terminology, has definitions of terms not unique to this practice, descriptions of terms unique to this practice, and acronyms. Section 4 is Significance and Use of this practice. Section 5 is the Introduction to the Transaction Screen Process. Section 6 sets forth the Transaction Screen Questionnaire itself. Sections 7 and 8 contain the Guide to the Transaction Screen Questionnaire and its various parts. Section 9 provides additional information regarding non-scope considerations. See 1.4.

1.6?This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.7?This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.