What EPs Need to Know: ASTM E1527-21’s New Guidance Regarding Environmental Liens and Activity and Use Limitations (AULs)

December 16, 2021

Episode 9

Policies and procedures memo typed on a notebook with pen. Business rules concept.

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SUMMARY & SPEAKERS
TRANSCRIPT

This is important and must-know information. Among the many changes, the new standard provides more guidance about the extent of historical research needed, and specifically, when it comes to identifying Environmental Liens or Activity and Use Limitations – AULs. The new standard seeks to improve the accuracy of report conclusions by specifying that title records must be researched back to 1980. But how will this translate to how EPs conduct Phase Is for their clients? Join Jeff Doerner, Senior VP at ERIS, and his guest David Mitchell from AFX Research. As President of AFX Research, and as a member of the advisory sub-committee focusing on liens for the E1527-21, David is in a unique position to discuss the lay of the land, the upside and downside that will affect practitioners and clients alike.

Speakers

David Mitchell

President, AFX Research

David Mitchell has overseen the record growth and success of AFX Research. AFX provides reliable real estate research and due diligence nationwide, servicing a variety of industries, including: insurance, public sector, banks, environmental firms and real estate investment firms. AFX has become a trusted leader in nationwide real estate research, and continues to expand its clientele. David’s commitment to providing world-class research and due diligence is reflected in the strong relationships he has cultivated with clients and partners. David’s vision for a successful business goes beyond the satisfaction of clients and partners, and the profitability of the company. AFX is proud to be a generous member of the community as well, donating a percentage of its monthly revenue to local schools and charity organizations. By instituting paid volunteer time for his employees, David ensures that local programs benefit from the presence of caring individuals who are eager to give their time and energy to making a difference in their community.