James is a Connecticut buyer purchasing a former textile mill that the seller has classified as a Transfer Act establishment. The seller has filed a Form II, designating the seller as the responsible party for post-transfer remediation. After closing, the seller fails to begin remediation within the timeframe specified in the compliance plan. Which Connecticut agency has primary authority to enforce Transfer Act compliance against the seller?
Correct Answer
A) Connecticut Department of Energy and Environmental Protection (DEEP), through enforcement actions and penalties
The Connecticut Transfer Act is administered and enforced by the Connecticut Department of Energy and Environmental Protection (DEEP). When a responsible party fails to comply with a Transfer Act compliance plan (Form II), DEEP has authority to issue compliance orders, impose civil penalties, and take other enforcement actions. DEEP is the primary regulatory authority for all Transfer Act matters, including post-transfer remediation obligations.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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