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Pamphlet 26-7 Chapters 13

13.06  Notice of Value Conditions and Requirements, Continued

 

Table of NOV Conditions & Requirements (continued)

 

 

NOV Item

Instructions for Preparing the NOV

 

Other Conditions & Requirements

Check this item and list any other conditions or requirements necessary to satisfy fee appraiser or local VA office concerns, or otherwise cause the property to meet all VA requirements.

 

Example:

If the dwelling will have a permanently installed, non-electric, non-vented fireplace or other non-vented space heater, the NOV must be conditioned to require

 

·   the veteran purchaser’s written acknowledgement that the dwelling contains an non-vented fireplace or space heater which has not been inspected by VA, and

·   a written heating/air conditioning contractor, that identifies the property and states that the non-vented appliance

-   is equipped with an approved Oxygen Depletion Sensor, and

-   meets local building authority requirements, or is installed according to the manufacturer’s recommendations if there are no local requirements.

 

Consistency and Additional Conditions

VA offices are expected to be as consistent as practicable regarding NOV conditions and requirements.  They will notify lenders in writing when a local situation dictates an additional condition/requirement not listed on the standard NOV.

 

SAR Signature

If …                                             …then…

 

the NOV was             *the signature of the SAR is required on the NOV

issued through              sent to the veteran,

·     TAS                      *however, no SAR signature is required on

                                    E-mailed copies to the veteran.

the NOV was not       * the signature of the SAR is required on both the

issued through TAS    *NOV sent to the veteran and the NOV sent to VA.

 *the SAR’s signature is also required on the SAR

 Certification which must be sent to VA with a copy of a reviewed appraisal and NOV.

 


Chapter 13- Value Notices                                                                                                    VA Pamphlet 26-7, Revised     Change 3