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No Further Action Letters – A Trap for the Unwary!

Relying on No Further Action Letters in CRE Evaluations

No further action letters can aid in categorizing risks when evaluating properties. But can you rely on them as proof that a thorough investigation has been performed to address all possible contamination and liabilities? In this EBA article, Bill Tryon and Steve Luzkow discuss what you could find in an NFA letter and how to carefully review it to ensure the success of your investment.

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