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Pamphlet 26-7 Chapters 13

Exhibit 1—LAPP Lender’s Notice of Value, Continued

 

CONDITIONS/REQUIREMENTS (CONTINUED)

[Check all items which apply and give appropriate information]

 

PROPERTY ADDRESS:  [complete address]                      VA CASE NO.:

 

_____20.  OTHER CONDITIONS/REQUIREMENTS

_________________________________________________________________________

_________________________________________________________________________

_________________________________________________________________________

_________________________________________________________________________

_________________________________________________________________________

_________________________________________________________________________

_________________________________________________________________________

_________________________________________________________________________

_________________________________________________________________________

 

Sincerely,

 

 

[signature, name and title of person authorized to sign notice]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2001                                                                                                                                     13-39


VA Pamphlet 26-7, Revised                                                               Chapter 13:  Value Notices

 


Airport Acknowledgement, 13-15

Appraisal Report Changes, 13-5

Appraiser’s Role on NOVs, 13-27

Building or use Restriction, 13-31

Certification Wording, 13-7

Change in the Fee Appraiser’s Value Estimate, 13-9

Change Justification, 13-9

Change Restrictions to Value Estimate, 13-9

Changing Notices of Value, 13-26

Changing Notices of Value - Lender’s Role, 13-28

Connection to Public Water/Sewer, 13-14

Construction Inspections, 13-20

Construction Warranty, 13-21

Discovery of Title Limitations & Conditions, 13-30

Distributing Notices of Value, 13-24

Documenting LAPP Appraisal Reviews, 13-7

Easement, 13-31

Effect of Major Disasters on Notices of Value, 13-34

Encroachment, 13-32

Energy Conservation Improvements, 13-12

Energy Efficient Construction, 13-19

Exhibit 1—LAPP Lender’s Notice of Value, 13-35

Extension of Validity Period, 13-25

Flood Insurance, 13-15

How Long Notice of Value is Valid, 13-25

Importance of VA Value Estimate, 13-1

Issuing a Notice of Value, 13-1

LAPP Cases, 13-24

LAPP Notice of Value, 13-29

LAPP—Related Changes to Appraiser’s Value Estimate, 13-9

Lead/Water Distribution System, 13-19

Lead-Paint Conditions, 13-16

Lender Timeliness, 13-6

Lender's Staff Appraisal Reviewer, 13-7

Lien Supported Assessment, 13-13

Limitations and Conditions Not Affecting Value, 13-31

Limitations, 13-33

Local Housing/ Planning Authority Code Requirements, 13-17

Not Inspected Acknowledgement, 13-18

Notice of Value Conditions and Requirements, 13-12

Notice of Value Contents, 13-11

NOV fFrmat When Prepared by VA Staff, 13-11

NOV Format Under LAPP, 13-11

NOV Validity Length for Existing or New Construction, 13-25

NOV Validity Length for Proposed or Under Construction, 13-25

NOV’s Issued by VA Staff, 13-24

Offsite Improvements, 13-20

Other Conditions & Requirements, 13-23

Penalty for  Abuse, 13-9

Potential Conflict With State, 13-10

Preparing Notices of Value, 13-11

Private Road/Common Use Driveway, 13-14

Proposed Construction, 13-20

Proposed or Under Construction, 13-20, 13-25

PUD Condominium Requirements, 13-14

Purpose of Appraisal Report Review, 13-3

Real Estate Market Familiarity, 13-4

References for Reviewing Appraisal Reports, 13-3

Referral to VA, 13-6

Repairs, 13-16

Request a Change on a NOV, 13-26

Requirement to Notify VA, 13-30

Resolving LAPP Appraisal Review Problems, 13-5

Reviewing Appraisal Reports, 13-3

SAR Certification, 13-8

SAR Certification Placement, 13-7

SAR’s Responsibility, 13-7

SAR’s Value Change was Unwarranted, 13-9

State's Requirements for Appraisers, 13-10

Submission of Real Estate Market Data, 13-26

Table of NOV Conditions & Requirements, 13-12

Ten Year Insured Protection Plan, 13-18

Transfer of Appraiser’s Reports Between Lenders, 13-29

Unable to Obtain Appraisal, 13-29

VA Notice to Program Participants, 13-34

VA Value Based on HUD Appraisal, 13-30

VA’s Role on NOVs, 13-27

Validity Period Issues, 13-29

Value Notices, 13-1

Veteran Under Contract, 13-25

Violation of Building or Use Restrictions of Record, 13-31

Water/Sewer System Acceptability, 13-14

Wood Destroying Insect Information, 13-13