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Topic 14. Construction Inspections
March 11, 2019
This Chapter has been revised in its entirety.
a. Local Building Inspections
Many local building authorities have adopted comprehensive residential building codes and perform mandatory inspections at the foundation, framing, and final stages of construction.
b. Confirming Local Inspections Performed
On cases involving new or proposed construction, lenders must confirm whether or not local inspections are performed.
c. Purpose of Inspections
The purpose of the inspections is to ensure that the property:
is built according to the building codes adopted by the local authority, and
has been satisfactorily completed as evidenced by a final construction inspection or certificate of occupancy.
d. Missed Inspections
In the event that the local authority provides construction inspections, but none were conducted, the property is ineligible to be the security for a VA-guaranteed loan.