VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 18 — Shared Wells
VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 18 — Shared Wells.
Verbatim regulatory text
Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 18 — Shared Wells — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 18 — Shared Wells
18. Shared Wells Change Date March 28, 2019 • This chapter has been revised in its entirety. a. Shared Well Requirements A shared well refers to a well that serves two or more properties. The shared well must be: • capable of providing a continuing supply of safe and potable water to each property simultaneously, so that each dwelling will be assured a sufficient quantity for all domestic purposes, • protected by a permanent easement, which allows for maintenance and repair, and • maintained under a well-sharing agreement containing provisions for the cost of repairs that is binding on the signatory parties and successors in title and has been recorded in public records. b. Appraiser Responsibility The appraiser must report that that the property is served by a shared well and note any readily apparent deficiencies. c. Lender Responsibility The lender must obtain the shared well agreement and review the agreement to determine eligibility. d. Water Quality The water quality must meet the requirements for individual wells described in Topic 17 of this Chapter. VA Pamphlet 26-7, Revised Chapter 12: Minimum Property Requirements 12-26
Operationalizing VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 18 — Shared Wells
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
Source of record: https://claudeforcompliance.com/regs/va-m26-7-ch12-t18/
· register va-m26-7-ch12-t18 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.