Transaction Screen Assessment reports adhere to the American
Society of Testing & Materials Standard E-1528-06. Most lenders no longer accept these reports to meet their due diligence requirements, based on the new EPA Phase 1 Environmental Site Assessment standard. However, these reports can be useful as an initial screen on low-risk properties
Our TSA reports include:
1. transaction screen questionnaire
2. government environmental database review
3. inspection of subject property and surrounding areas
4. conclusions regarding the risk of presence or potential presence of environmental liabilities at the subject property
5. recommendations.
TSA reports are limited in nature and no longer meet the regulations required for the "Landowner's Liability Protection." However, some lending institutions still use these reports to assess environmental risk for a low-risk property prior to underwriting a loan.
