Application Checklist Commercial Real Estate Loan Page 9
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25Environmental Questionnaire and Disclosure Statement
2. Have aboveground or underground storage tanks been located on the property?
3. If tanks are present, how old are they and when were they last tested?
4. If tanks are present, are there any signs of spills or leaks?
5. Has a tank tightness test been performed on the underground storage tanks?
6. Do any abutting land uses have above grand or underground storage tanks?
7. If tanks are present on abutting property, is there any record of past releases or spills?
3. Field Investigation
1. Is there any evidence of stressed vegetation or surface soil stains?
2. Are there ponds, pits, sumps, or ditches with suspicious colors or smells?
3. Are there abandoned drums or other containers, rubbish or other landfill material which may
indicate buried waste on the site?
4. Are there curb cuts, footings, or other signs of former buildings on the site?
5. What have been the waste disposal practices of current and past users of the property?
6. Does the site contain electrical transformers? (If yes, has there ever been PCB leaks, spills or
other contamination affecting the site?)
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