VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System

va-m26-7-ch12-t09

VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System.

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  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System
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    section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System
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      authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System
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      paragraph_quote: '9. Coastal Barrier Resources System Change Date March 28, 2019 • This chapter has been revised in its entirety. a. Eligibility Properties located in Coastal Barrier Resources System (CBRS) areas are not eligible for an appraisal. b. Appraiser Responsibilities Appraisers who perform appraisals for VA near the Atlantic Ocean, the Great Lakes, the Gulf of Mexico, or the Caribbean Sea must be familiar with any CBRS areas. If the appraiser finds that a property on which an appraisal has been ordered is located in a CBRS area, the appraiser must stop work and promptly notify the lender. VA Pamphlet 26-7, Revised Chapter 12: Minimum Property Requirements 12-15'

Verbatim regulatory text (1)

Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System — 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 Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System

9. Coastal Barrier Resources System Change Date March 28, 2019 • This chapter has been revised in its entirety. a. Eligibility Properties located in Coastal Barrier Resources System (CBRS) areas are not eligible for an appraisal. b. Appraiser Responsibilities Appraisers who perform appraisals for VA near the Atlantic Ocean, the Great Lakes, the Gulf of Mexico, or the Caribbean Sea must be familiar with any CBRS areas. If the appraiser finds that a property on which an appraisal has been ordered is located in a CBRS area, the appraiser must stop work and promptly notify the lender. VA Pamphlet 26-7, Revised Chapter 12: Minimum Property Requirements 12-15

Source: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 12, Topic 9 — Coastal Barrier Resources System · source URL · snapshot 824171a914866a59