title = "Environmental Risk Management in Lending"

content = """
Environmental risk can lead to significant financial loss for Silver Oak Bank,
either through the diminution of collateral value or through direct legal
liability under 'Superfund' laws (CERCLA).

**The Phase I Environmental Site Assessment (ESA):**
A Phase I ESA is required for all commercial real estate loans. A professional
environmental consultant reviews historical records, conducts a site visit, and
interviews owners to identify 'Recognized Environmental Conditions' (RECs)—the
presence or likely presence of hazardous substances or petroleum products.

**Phase II and Remediation:**
If a Phase I identifies RECs, a Phase II ESA (involving soil or groundwater
sampling) is required. If contamination is confirmed, the bank may require
remediation (cleanup) before closing, or may decline the loan entirely.

**Ongoing Monitoring:**
For high-risk industries (e.g., gas stations, dry cleaners, chemical
manufacturers), the bank may require annual environmental audits to ensure the
borrower is maintaining compliance with all environmental regulations.
"""

version = "0.0.1"
