DEPARTMENT OF VETERANS AFFAIRS Regional Office PO Box 100023 Decatur GA 30031-7023 www.vba.va.gov/ro/atlanta/rlc

January 4, 2005

			In Reply Refer to: 316/26
			Loan Guaranty Bulletin 26-05-08

	To:	ALL LENDERS
	Subj:	REVISED WOOD DESTROYING INSECT INSPECTION REPORT

1.  PURPOSE  This is to notify all VA Loan Guaranty program participants that effective January 1, 2005, VA now requires the use of the new Wood Destroying Insect Report Form NPMA-33 in lieu of Form NPCA-1 for VA loans on existing properties. Form NPCA-1 will be obsolete after December 31, 2004. 2.  ACTION      a.  The National Pest Management Association (NPMA) has released a new two-page form for existing residential real estate transactions. This form replaces the previous NPCA-1 Form. Any inspections performed after January 1, 2005, must be completed using this form to satisfy VA requirements.      b.  Notice of Value Item #2A for Wood Destroying Insect Inspection will be revised in The Appraisal System (TAS) to show the new requirement for NPMA-33. Until the changes in TAS are made, reference to this requirement on a VA Notice of Value dated after January 1, 2005 should be considered to mean the NPMA-33 form.      c.  In States which require the use of a State inspection form in all transactions, the State form is acceptable for VA loan guaranty purposes.      d.  The NPMA-33 form is available from the National Pest Management Association at 8100 Oak Street, Dunn Loring, VA  22027, or phone 703/573-8330, other pest control report forms and software suppliers, or online from the HUD website at: http://www.hudclips.org/sub_nonhud/html/pdfforms/npma-33.pdf

WILLIAM GRAMIGNA Acting Loan Guaranty Officer