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ASTM E1527-21

The ASTM E1527-21 standard will be the fifth revision of the environmental professional industry standard governing the practice and process for conducting Phase I Environmental Site Assessments as part of compliance with the US Environmental Protection Agency's All Appropriate Inquiries (AAI) requirement prior to a property transaction to qualify for exemption from Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) liability for cleanup costs, among other industry and client-specific uses. The current version of the standard, ASTM E1527-13, is set to sunset by January 1, 2021. Proposed changes and revisions are currently being reviewed by an ASTM volunteer committee composed of environmental professionals, lenders, and environmental attorneys for consideration and EPA approval some time in 2020.

Glossary 
American Society for Testing and Materials- ASTM