VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing the Notice of Value

va-m26-7-ch13-t01

VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing the Notice of Value.

Get this register: .xlsx .csv Full text PDF More bundles →

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
    description: ''
    type: do
    audit_question: ''
    program_review: ''
    file_review: ''
    judgment: false
    feeds: []
    workflow_phase: ''
    owner_role: ''
    secondary_owner_role: ''
    cadence: ''
    consequence: ''
    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'

Verbatim regulatory text (1)

Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing the Notice of Value — 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 13, Topic 1 — Issuing the Notice of Value

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

Source: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing the Notice of Value · source URL · snapshot 7bf94e7ed62e01fb

Operationalizing VA Lenders Handbook (VA Pamphlet 26-7), Chapter 13, Topic 1 — Issuing the Notice of Value

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-ch13-t01/ · register va-m26-7-ch13-t01 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.