VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 20 — New Construction Sold by the Lender
VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 20 — New Construction Sold by the Lender.
Verbatim regulatory text
Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 20 — New Construction Sold by the Lender — 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 10 (Appraisal Process), Topic 20 — New Construction Sold by the Lender
• This chapter has been revised in its entirety. a. Appraisal Request If a lender acquires title to a newly constructed home due to a builder’s bankruptcy or cessation of business, the lender must order the appraisal as follows: • As “existing”, not “new”, construction, and • As “IND”, not “LAPP”, as properties sold by the lender are not eligible for processing under LAPP. b. Documentation Required The lender must: • provide evidence of property ownership, • complete any repairs needed for the property to meet VA’s MPRs, • obtain a certificate of occupancy from the local authority, and • obtain the Veteran’s signed acknowledgement that “This property is being purchased as existing construction from a lender who acquired this new construction property from the builder. There is no warranty and VA will not provide assistance with any construction defects.”
Operationalizing VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 20 — New Construction Sold by the Lender
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-ch10-t20/
· register va-m26-7-ch10-t20 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.