The following is an excerpt from Wisconsin Banker written by attorney, Ned Witte. 

Over the years, certain environmental conditions, like asbestos, radon, underground storage tanks, and PCBs, have cast a pall over transactions as they came to be understood. The newest environmental condition that lenders need to learn about is “PFAS,” which is the acronym for Per- and Polyfluoroalkyl substances. This article provides an introduction to PFAS, important background on why lenders should focus on this new issue, and practical suggestions for lending best management strategies to address PFAS. Read full article.