Table of NOV Conditions & Requirements (continued)

NOV Item

Instructions for Preparing the NOV

Condominium Requirements

Check the appropriate items if the property is located in a condominium.

Important:  The project must be acceptable to VA, and all project approval-related requirements satisfied, for the property to be eligible for VA loan guaranty.

Reference:  See Chapter 16, Section A.

Water/Sewer System Acceptability

Check the appropriate items for a property served by an individual

·   water supply, such as a well, or

·   septic system in all cases appraised as “proposed or under” construction, and in “new” and “existing” construction cases in which there is an indication of a problem or the property is in an area known to have soil percolation problems.

A spring or cistern water supply or pit privy may be acceptable in areas where they meet the standards of the locality and are properly constructed.  Lenders should contact the VA office of jurisdiction regarding such cases.

References: 

·   Item 5 on the NOV

·   Section 10.10 (“Required Exhibits”)

·   Section 12.08.

·   Section 14.02 (“Third Inspection”).

Connection to Public Water/Sewer

Check the appropriate items if the property is served by an individual well or septic system and there is an indication that public water or sewer is available.

References: 

·   Item 6 on the NOV

·   Section 12.08.

Private Road/Common Use Driveway

Check this item if access to the property is by a private road or common-use driveway.

References: 

·   Item 7 on the NOV

·   Section 12.05.