Format Under LAPP

Under LAPP, the lender’s VA-authorized staff appraisal reviewer (SAR) must complete the standard notice of value form in TAS, or on

·   the lender’s corporate letterhead, or

·   attached to a statement on that letterhead which references it.

Reference: See Chapter 13, Exhibit 1, LAPP Lender’s Notice of Value.

Format If Prepared by VA Staff

If prepared by VA staff, the notice of value may be TAS generated or prepared on VA Form 26-1843a, Master Certificate of Reasonable Value (MCRV) for a group of related properties.

Notice of Value Contents

Every notice of value will include

·   estimated reasonable value of the property (See Section 11.02).

·   estimated remaining economic life of the property (See Section 11.10), and

·   a list of any property-related conditions and requirements necessary for VA loan guaranty.

Reference: See Section 13.06.