38 C.F.R. § 36.4362 Requirement of construction warranty.
Title 38 - Pensions, Bonuses, and Veterans' Relief
Each certificate of reasonable value issued by the Secretary relating to a proposed or newly constructed dwelling unit, except those covering one-family residential units in condominium housing developments or projects within the purview of §§36.4356 through 36.4360a, shall be subject to the express condition that the builder, seller, or the real party in interest in the transaction shall deliver to the veteran constructing or purchasing such dwelling with the aid of a guaranteed or insured loan a warranty, in the form prescribed by the Secretary, that the property has been completed in substantial conformity with the plans and specifications upon which the Secretary based the valuation of the property, including any modifications thereof, or changes or variations therein, approved in writing by the Secretary, and no certificate of guaranty or insurance credit shall be issued unless a copy of such warranty duly receipted by the purchaser is submitted with the loan papers. [40 FR 34595, Aug. 18, 1975, as amended at 44 FR 47343, Aug. 13, 1979]
Title 38: Pensions, Bonuses, and Veterans' Relief
PART 36—LOAN GUARANTY
underwriting standards, processing procedures, and lender responsibility and certification
§ 36.4362 Requirement of construction warranty.
