ENVIRONMENTAL AUDIT METHOD
First Claim
1. A method for performing an environmental audit in connection with a transaction, comprising the steps of:
- assessing the environmental risk associated with a business, said environmental risk comprising the environmental risk associated with a piece of land, a service operation, a current state of regulatory compliance, and the future requirements for regulatory compliance;
assigning a first indicator to said environmental risk associated with said piece of land;
assigning a second indicator to said environmental risk associated with said service operation;
assigning a third indicator to said environmental risk associated with said current state of regulatory compliance;
assigning a fourth indicator to said environmental risk associated with said future requirements for regulatory compliance; and
generating a report including said first, second, third, and fourth indicators.
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Accused Products
Abstract
A method for performing an environmental audit to accompany commercial loan transactions, residential loan transactions, and other loan transactions or review is disclosed. The audit requires the evaluation of the environmental risk associated with a service or piece of real property. Although not all may apply to a given transaction, the evaluation considers the following criteria: property, service operation, current compliance, and future compliance. The report may also include an explanation of any low scores, recommendations, other notes, and a section covering liabilities and limitation. The invention also includes a method to be used by a single environmental auditing firm for employing the disclosed environmental auditing method in all loan transactions generated by one or more financial institutions.
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Citations
25 Claims
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1. A method for performing an environmental audit in connection with a transaction, comprising the steps of:
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assessing the environmental risk associated with a business, said environmental risk comprising the environmental risk associated with a piece of land, a service operation, a current state of regulatory compliance, and the future requirements for regulatory compliance; assigning a first indicator to said environmental risk associated with said piece of land; assigning a second indicator to said environmental risk associated with said service operation; assigning a third indicator to said environmental risk associated with said current state of regulatory compliance; assigning a fourth indicator to said environmental risk associated with said future requirements for regulatory compliance; and generating a report including said first, second, third, and fourth indicators. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A method for performing an environmental audit to accompany a loan transaction, comprising:
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an environmental auditor performing an evaluation of environmental risk for a financial institution capable of rendering financial assistance; wherein said financial institution comprises individual customers in need of said financial assistance from said financial institution, each of said customers being willing and able to grant rights in the collateral for said loan transaction to said financial institution in exchange for said financial assistance; wherein said evaluation comprises the environmental risk associated with said collateral proffered by each of said customers in said population; and wherein, said environmental auditor is able to evaluate said environmental risk for each of said collateral at a unit price that is lower than the unit price of said financial institution for evaluating said environmental risk for a single customer. - View Dependent Claims (19, 20, 21, 22, 23)
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24. A method for performing an environmental audit, comprising:
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an environmental auditor performing an evaluation of environmental risk associated for an insurance company capable of issuing insurance policies; wherein said insurance company comprises individual customers in need of said insurance policies from said insurance company, each of said customers being involved in a business operation; wherein said evaluation of environmental risk is associated with said business operations of said customers; said environmental risk comprising the current state of regulatory compliance; and wherein, said environmental auditor is able to evaluate said environmental risk associated with each of said business operations at a unit price that is lower than the unit price of said insurance company for evaluating said environmental risk for a single business operation.
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25. A method for performing an environmental audit, comprising the steps of:
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providing a central database, said central database containing information pertaining to the environmental risk associated with a piece of land or service, said environmental risk comprising the current state of regulatory compliance; searching said central database in order to evaluate said environmental risk associated with said piece of land or said service; and generating a report summarizing said environmental risk associated with said piece of land or said service.
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Specification