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Currently, there is no standard detailing a permissible level of mold. The lack of standardization has given rise to questions and concerns as to how to address mold considerations and how to properly protect all parties' interests. Both the actual physical damage to a multifamily or commercial building and the stigma of a possible mold presence can harm the value of the collateral. For residential lenders, there is concern about the potential impact that overly broad federal and state laws could have on residential financing. The update to the Mold: A White Paper Presented by the Mold Working Group is anticipated to be completed in Spring 2007. Mold: A White Paper Presented by MBA Mold Working Group
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