VA Lender Handbook M26-7 Chapter 13 — Notices of Value

va-m26-7-ch13

VA Pamphlet 26-7 Chapter 13 governs the Notice of Value (NOV).

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source:
  type: regulation
  id: va-m26-7-ch13
  authority: VA Lender Handbook M26-7 Chapter 13 — Notices of Value
  description: |
    VA Pamphlet 26-7 Chapter 13 governs the Notice of Value (NOV).
obligations:
  - id: va-m26-7-ch13-nov-issuance-5-business-days
    canonical_id: va-m26-7-ch13-nov-issuance-5-business-days
    section: VA M26-7 Ch. 13 — NOV Timeliness Expectation
    description: |
      [UNDERWRITER]'s Staff Appraisal Reviewer (SAR) must issue the Notice
      of Value within five business days from the time the completed
      appraisal is uploaded into WebLGY, unless there is a delay beyond
      the SAR's control. Any delays should be explained in WebLGY notes.
    type: do
    audit_question: For every VA appraisal completed and uploaded to WebLGY, can [UNDERWRITER] evidence that the SAR issued the NOV within five business days, OR that any longer interval is explained in WebLGY notes as a delay beyond the SAR's control?
    program_review: Does the program track the NOV-issuance clock so the SAR issues the NOV within five business days of the completed appraisal being uploaded to WebLGY, with any longer interval explained in WebLGY notes as a delay beyond the SAR's control?
    file_review: Spot-check uploaded appraisals; confirm NOV issuance within five business days or a documented beyond-SAR-control delay note.
    judgment: false
    feeds: []
    workflow_phase: origination
    owner_role: underwriter
    secondary_owner_role: compliance_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - va
      - m26-7
      - ch13
      - nov
      - sar-timeliness
      - promoted
    primary_source:
      tier: 1
      authority: VA Lender Handbook M26-7 Chapter 13 — Notices of Value
      source_class: va-handbook-m26-7
      source_url: https://benefits.va.gov/WARMS/M26_7.asp
      snapshot_id: 7bf94e7ed62e01fb
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:5b3ac5aae82a9e7a96541d2a367f66087cccf6e9745e4e093a3d5adf63582332
      paragraph_quote: The SAR must issue the NOV within five business days from the time the completed appraisal is uploaded into WebLGY, unless there is a delay beyond the SAR’s control.
      drafter_attestation: Copied verbatim from VA Handbook snapshot 7bf94e7ed62e01fb (M26-7 Ch. 13 — NOV 5-day timeliness) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      quote_healed: true
      effective_date: '2019-07-22'
      effective_date_source: va-change-date-preceding
    promoted_at: '2026-05-23T02:13:14+00:00'
    promoted_from: va-m26-7-ch13-roundb-v1.yaml
  - id: va-m26-7-ch13-nov-to-veteran-same-day
    canonical_id: va-m26-7-ch13-nov-to-veteran-same-day
    section: VA M26-7 Ch. 13, Topic, Subsection j — NOV Provided to Veteran Same Day
    description: |
      The same day the NOV is issued, [UNDERWRITER]'s SAR must send the
      Veteran a copy of the NOV together with a copy of the appraisal
      report.
    type: do
    audit_question: For every NOV [UNDERWRITER]'s SAR issued, can [UNDERWRITER] evidence that the Veteran was sent both the NOV and a copy of the appraisal report on the same day the NOV was issued?
    program_review: Does the program ensure the SAR sends the Veteran the NOV and a copy of the appraisal report the same day the NOV is issued?
    file_review: Spot-check issued NOVs; confirm same-day delivery of the NOV and appraisal copy to the Veteran.
    judgment: false
    feeds: []
    workflow_phase: origination
    owner_role: underwriter
    secondary_owner_role: loan_officer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - va
      - m26-7
      - ch13
      - nov
      - veteran-notice
      - promoted
    primary_source:
      tier: 1
      authority: VA Lender Handbook M26-7 Chapter 13 — Notices of Value
      source_class: va-handbook-m26-7
      source_url: https://benefits.va.gov/WARMS/M26_7.asp
      snapshot_id: 7bf94e7ed62e01fb
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:5b3ac5aae82a9e7a96541d2a367f66087cccf6e9745e4e093a3d5adf63582332
      paragraph_quote: The same day the NOV is issued, the SAR must send the Veteran a copy of the NOV together with a copy of the appraisal report.
      drafter_attestation: Copied verbatim from VA Handbook snapshot 7bf94e7ed62e01fb (M26-7 Ch. 13, Topic j — NOV to Veteran same day) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      quote_healed: true
      effective_date: '2019-04-12'
      effective_date_source: va-change-date-preceding
    promoted_at: '2026-05-23T02:13:14+00:00'
    promoted_from: va-m26-7-ch13-roundb-v1.yaml
  - id: va-m26-7-ch13-verify-flood-zone-information
    canonical_id: va-m26-7-ch13-verify-flood-zone-information
    section: VA M26-7 Ch. 13, Appendix A, Item 6 — Flood Insurance / Lender Flood-Zone Verification
    description: |
      If improvements on the security property are located in a FEMA
      Special Flood Hazard Area, flood insurance is required, and
      [UNDERWRITER] must verify flood zone information provided on an
      appraisal report.
    type: do
    audit_question: For every VA loan, can [UNDERWRITER] evidence independent verification of the flood-zone information presented on the appraisal report (e.g., flood determination certification), and — for SFHA-located improvements — flood insurance in force?
    program_review: Does the program ensure independent verification of the flood-zone information on the appraisal report (e.g., flood determination), with flood insurance in force where SFHA improvements are present?
    file_review: Spot-check files; confirm independent flood-zone verification and, for SFHA improvements, flood insurance in force.
    judgment: false
    feeds: []
    workflow_phase: origination
    owner_role: underwriter
    secondary_owner_role: closer
    cadence: per_loan
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - va
      - m26-7
      - ch13
      - flood-zone
      - lender-verification
      - promoted
    primary_source:
      tier: 1
      authority: VA Lender Handbook M26-7 Chapter 13 — Notices of Value
      source_class: va-handbook-m26-7
      source_url: https://benefits.va.gov/WARMS/M26_7.asp
      snapshot_id: 7bf94e7ed62e01fb
      fetched_at: '2026-05-23T01:50:00Z'
      content_hash: sha256:5b3ac5aae82a9e7a96541d2a367f66087cccf6e9745e4e093a3d5adf63582332
      paragraph_quote: Hazard Area, flood insurance is required. The lender must verify flood zone information provided on an appraisal report.
      drafter_attestation: Copied verbatim from VA Handbook snapshot 7bf94e7ed62e01fb (M26-7 Ch. 13, App. A, Item 6 — Lender flood zone) at 2026-05-23. Source PDF retrieved via Wayback Machine.
      quote_healed: true
      effective_date: '2019-07-22'
      effective_date_source: va-change-date-preceding
    promoted_at: '2026-05-23T02:13:14+00:00'
    promoted_from: va-m26-7-ch13-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T02:13:14+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\va-m26-7-ch13-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from VA Lender Handbook M26-7 Chapter 13 — Notices of Value — 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 M26-7 Ch. 13 — NOV Timeliness Expectation

Effective 2019-07-22 · VA Change Date for this topic

The SAR must issue the NOV within five business days from the time the completed appraisal is uploaded into WebLGY, unless there is a delay beyond the SAR’s control.

Source: VA Lender Handbook M26-7 Chapter 13 — Notices of Value · source URL · snapshot 7bf94e7ed62e01fb

VA M26-7 Ch. 13, Topic, Subsection j — NOV Provided to Veteran Same Day

Effective 2019-04-12 · VA Change Date for this topic

The same day the NOV is issued, the SAR must send the Veteran a copy of the NOV together with a copy of the appraisal report.

Source: VA Lender Handbook M26-7 Chapter 13 — Notices of Value · source URL · snapshot 7bf94e7ed62e01fb

VA M26-7 Ch. 13, Appendix A, Item 6 — Flood Insurance / Lender Flood-Zone Verification

Effective 2019-07-22 · VA Change Date for this topic

Hazard Area, flood insurance is required. The lender must verify flood zone information provided on an appraisal report.

Source: VA Lender Handbook M26-7 Chapter 13 — Notices of Value · source URL · snapshot 7bf94e7ed62e01fb

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Operationalizing VA Lender Handbook M26-7 Chapter 13 — Notices of Value

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