source:
  type: regulation
  id: va-m26-7-ch12
  authority: "VA Lender Handbook M26-7 Chapter 12 — Minimum Property Requirement"
  description: 'VA Pamphlet 26-7 Chapter 12 establishes VA Minimum Property Requirements.

    '
obligations:
- id: va-m26-7-ch12-single-real-estate-entity
  canonical_id: va-m26-7-ch12-single-real-estate-entity
  section: "VA M26-7 Ch. 12, Topic 2 — Marketable Real Estate Entity"
  description: 'The property securing the VA loan must be a single, readily

    marketable, real estate entity. [UNDERWRITER] must ensure the

    property meets this MPR.

    '
  type: do
  audit_question: For every VA loan, can [UNDERWRITER] evidence that the security property qualifies as a single, readily marketable, real estate entity (and, if comprising multiple parcels, that the appraisal is prepared subject to placing all parcels on one deed)?
  workflow_phase: origination
  owner_role: underwriter
  secondary_owner_role: closer
  cadence: per_loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - va
  - m26-7
  - ch12
  - mpr
  - marketable-entity
  - promoted
  primary_source:
    tier: 1
    authority: "VA Lender Handbook M26-7 Chapter 12 — Minimum Property Requirement"
    source_class: va-handbook-m26-7
    source_url: https://benefits.va.gov/WARMS/M26_7.asp
    snapshot_id: 824171a914866a59
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:71efd8bb39bb5596ad194f1b13e6f979cfa1afbf5566e897e26836fc1ab0429e
    paragraph_quote: 'The property must be a single, readily marketable, real estate entity. '
    drafter_attestation: "Copied verbatim from VA Handbook snapshot 824171a914866a59 (M26-7 Ch. 12, Topic 2 — Marketable real estate entity) at 2026-05-23. Source PDF retrieved via Wayback Machine."
  promoted_at: '2026-05-23T02:12:11+00:00'
  promoted_from: va-m26-7-ch12-roundb-v1.yaml
  program_review: Does the program ensure each security property qualifies as a single, readily marketable real estate entity (and, where multiple parcels, that the appraisal is subject to placing all parcels on one deed)?
  file_review: Spot-check files; confirm the single-marketable-entity MPR (and the one-deed condition for multi-parcel properties).
  judgment: false
- id: va-m26-7-ch12-flood-insurance-required-sfha
  canonical_id: va-m26-7-ch12-flood-insurance-required-sfha
  section: "VA M26-7 Ch. 12, Topic on Flood — Flood Insurance Required in SFHA"
  description: 'Properties located in a FEMA Special Flood Hazard Area (SFHA) must

    be covered by a flood insurance policy. Properties located in an

    SFHA are not eligible if flood insurance is not available.

    [UNDERWRITER] must confirm coverage (and eligibility) before

    closing.

    '
  type: do
  audit_function: ''
  audit_question: For every VA loan secured by a property in a FEMA Special Flood Hazard Area, can [UNDERWRITER] evidence (i) confirmation that flood insurance is available in the locality and (ii) a flood insurance policy in force covering the security property prior to closing?
  workflow_phase: closing
  owner_role: underwriter
  secondary_owner_role: closer
  cadence: per_loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - va
  - m26-7
  - ch12
  - flood-insurance
  - sfha
  - promoted
  primary_source:
    tier: 1
    authority: "VA Lender Handbook M26-7 Chapter 12 — Minimum Property Requirement"
    source_class: va-handbook-m26-7
    source_url: https://benefits.va.gov/WARMS/M26_7.asp
    snapshot_id: 824171a914866a59
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:71efd8bb39bb5596ad194f1b13e6f979cfa1afbf5566e897e26836fc1ab0429e
    paragraph_quote: 'Properties located in a FEMA Special Flood Hazard Area (SFHA) must be '
    drafter_attestation: "Copied verbatim from VA Handbook snapshot 824171a914866a59 (M26-7 Ch. 12 — SFHA flood insurance) at 2026-05-23. Source PDF retrieved via Wayback Machine."
  promoted_at: '2026-05-23T02:12:11+00:00'
  promoted_from: va-m26-7-ch12-roundb-v1.yaml
  program_review: Does the program account for the SFHA flood rule — flood insurance required and in force before closing for SFHA-located properties, and ineligibility where flood insurance is unavailable?
  file_review: Spot-check SFHA-located loans; confirm flood-insurance availability and a policy in force before closing.
  judgment: false
- id: va-m26-7-ch12-property-safe-adequate-access
  canonical_id: va-m26-7-ch12-property-safe-adequate-access
  section: "VA M26-7 Ch. 12 — Street Access"
  description: 'Each VA-loan security property must be provided with a safe and

    adequate pedestrian or vehicular access from a public or private

    street with an all-weather surface. [UNDERWRITER] must verify

    compliance with this MPR.

    '
  type: do
  audit_question: For every VA loan, can [UNDERWRITER] evidence that the security property has safe and adequate pedestrian or vehicular access from a public or private street with an all-weather surface (and, for private roads, that the private-road requirements are met)?
  workflow_phase: origination
  owner_role: underwriter
  secondary_owner_role: ''
  cadence: per_loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - va
  - m26-7
  - ch12
  - mpr
  - access
  - promoted
  primary_source:
    tier: 1
    authority: "VA Lender Handbook M26-7 Chapter 12 — Minimum Property Requirement"
    source_class: va-handbook-m26-7
    source_url: https://benefits.va.gov/WARMS/M26_7.asp
    snapshot_id: 824171a914866a59
    fetched_at: '2026-05-23T01:50:00Z'
    content_hash: sha256:71efd8bb39bb5596ad194f1b13e6f979cfa1afbf5566e897e26836fc1ab0429e
    paragraph_quote: 'Each property must be provided with a safe and adequate pedestrian or '
    drafter_attestation: "Copied verbatim from VA Handbook snapshot 824171a914866a59 (M26-7 Ch. 12 — Street access) at 2026-05-23. Source PDF retrieved via Wayback Machine."
  promoted_at: '2026-05-23T02:12:11+00:00'
  promoted_from: va-m26-7-ch12-roundb-v1.yaml
  program_review: Does the program ensure each security property has safe and adequate pedestrian/vehicular access from a public or private street with an all-weather surface (with private-road requirements met)?
  file_review: Spot-check files; confirm the access MPR (and private-road requirements where applicable).
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T02:12:11+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\va-m26-7-ch12-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
