Virginia DEQ Suspends Issuance of Bona Fide Prospective Purchaser, Lender Liability and other Brownfield Program Comfort Letters
By EsqSocial Corporation 06/12/21
The Virginia Department of Environmental Quality (VDEQ) has just given notice on its website that, effective immediately, it has stopped issuing so-called “comfort letters” as part of its brownfield program. Such comfort letters include those to provide assurance of eligibility for bona fide prospective purchaser (BFPP) status and certain liability defenses available to prospective purchasers and tenants of real property provided under Virginia Code § 10.1-1234 of the Virginia Brownfield...
By: Williams Mullen