Assignment Task: Some lenders may be reluctant to fund the acquisition of contaminated sites or properties located near noxious industries. Identify the reason for this by selecting the correct statement. 1. the laws that apply to dealings with these types of property is federal which can make it difficult to apply to different states and territories 2. responsibility for the remediation of the contaminated sites often lies with the local council which may cause them to significantly increase their rates 3. all risks are identified in the town planning guidelines which are not always readily available to the lender 4. contamination may limit land use and increase development costs.