VA Lenders Handbook (VA Pamphlet 26-7), Chapter 9, Topic 4 — Land Sale Contracts and Option Contracts
VA Lenders Handbook (VA Pamphlet 26-7), Chapter 9, Topic 4 — Land Sale Contracts and Option Contracts.
Verbatim regulatory text
Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 9, Topic 4 — Land Sale Contracts and Option Contracts — 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 Pamphlet 26-7, Chapter 9 (Legal Instruments, Liens, Escrows, and), Topic 4 — Land Sale Contracts and Option Contracts
• This chapter has been revised in its entirety. a. Eligibility of Land Sale Contracts VA may guarantee an obligation secured by a land sale contract for the purchase of improved residential property in the same manner as any obligation secured by a mortgage or deed of trust. • The land sale contract must contain the mandatory clauses provided in Topic 1 of this chapter. • The contract must be recorded. b. Refinance Land Sale Contracts Pursuant to Title 38 of the U.S.C., subchapter 3710(b)(7)(B), VA may also guarantee a loan to refinance the unpaid balance under a land sale contract for the purchase of improved residential property, provided: • the Veteran will obtain title to the property described in the contract upon closing of the loan, and • the obligation to be guaranteed is in the form of a mortgage note or bond secured by a mortgage or other acceptable form of security instrument other than the existing land sale contract. c. Eligibility of Option Contracts Option contracts are not eligible for guaranty; however, VA may guarantee a loan made for the unpaid purchase price of residential property when the option is exercised.
Operationalizing VA Lenders Handbook (VA Pamphlet 26-7), Chapter 9, Topic 4 — Land Sale Contracts and Option Contracts
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.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/va-m26-7-ch09-t04/
· register va-m26-7-ch09-t04 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.