Media

Industrial Codes

SIC CodesStandard Industrial Classification (SIC) codes were established in 1937 to identify a firm’s primary business activity.  These codes were initially used by federal governmental branches such as the Department of Labor and Statistics, US Census Bureau,...

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Environmental Risk Policy – Where to Begin

The development and maintenance of an environmental policy can present a challenge for lenders and banking risk managers that do not have an internal environmental staff.  The process not only includes a determination of the types and levels of due diligence that will...

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ERI Supercharges its IT Infrastructure

In response to the increasing environmental risk management needs of ERI’s loyal client base, we strive to keep you apprised of recent expansion/upgrades to our Information Technology (IT) infrastructure. As you may be aware, ERI has maintained redundant internet...

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Environmental Questionnaires

An environmental questionnaire is often the first instrument used to evaluate the environmental risk associated with a specific property.   Many bank environmental risk policies require the borrower to complete an environmental questionnaire for all new loans and...

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Managing Asbestos

Although there are very specific guidelines and regulations which govern the management of asbestos in public school systems, these regulations do not apply to commercial and industrial buildings. An OSHA provision in the construction asbestos standard,...

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Environmental Monitoring During the Life of the Loan

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) recommend environmental monitoring during the life of the loan. The OCC places monitoring under the bank’s Environmental Risk Management Program to “…provide...

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Environmental Monitoring During the Life of the Loan

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) recommend environmental monitoring during the life of the loan. The OCC places monitoring under the bank’s Environmental Risk Management Program to “…provide...

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ASTM Update Announcement

The U.S. Environmental Protection Agency (EPA) formally announced on Monday, October 6, 2014, that it will be amending the All Appropriate Inquiries Rule (40 CFR part 312).  Specifically, the EPA is replacing the reference to ASTM International’s E1527-05 standard...

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SBA Lead Testing Requirements 

Due to the hazards associated with lead, the federal government banned the production of lead-based paint in 1978. However, millions of homes and other properties across the United States had already been impacted by its use in construction for decades.   Peeling and...

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