source:
  type: guide
  id: va-m26-7-ch13-t01
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing
    the Notice of Value
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing
    the Notice of Value.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch13-t01-full
  canonical_id: va-m26-7-ch13-t01-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing the
    Notice of Value
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing
      the Notice of Value
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: 7bf94e7ed62e01fb
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:5b3ac5aae82a9e7a96541d2a367f66087cccf6e9745e4e093a3d5adf63582332
    paragraph_quote: '1. Issuing the Notice of Value Change Date July 22, 2019 • This
      chapter has been revised in its entirety. a. Appraisal Uploaded in WebLGY When
      the fee appraiser uploads the completed appraisal report into WebLGY, a lender’s
      Staff Appraisal Reviewer (SAR) or VA staff must review the appraisal and issue
      a Notice of Value (NOV) to the Veteran. b. Purpose of NOV The NOV will inform
      the Veteran about the results of the appraisal report and conditions that must
      be met for guaranty of the loan. The NOV explains how appraisal reports differ
      from home inspections and suggests that the Veteran may wish to obtain a home
      inspection. c. Processing under LAPP Every property eligible for VA’s Lender
      Appraisal Processing Program (LAPP) should be processed accordingly. If a LAPP-approved
      lender does not process an eligible property under LAPP, the request for VA
      staff to issue the NOV must include a detailed explanation. d. NOV Reflects
      Conditions Required for the Loan to be Guaranteed Since the NOV reflects the
      results of the appraisal review, lenders and servicers should refer to the NOV,
      not the appraisal, for the reasonable value, repair requirements, and all other
      appraisal-related conditions required for the loan to be guaranteed by VA. VA
      Pamphlet 26-7, Revised Chapter 13: Notices of Value 13-3'
  judgment: false
