AC-023 Government Shutdown Temporary Policies
NOTICE TO ALL CUSTOMERS
Important: Government Shutdown Temporary Policies
FLCBank is providing guidance to Customers regarding its requirements during the Government Shutdown; this guidance will automatically expire when the federal government resumes full operations.
Conventional Loans
A Verbal verification of employment (VVOE) dated within 10 days prior to loan closing is required for federally employed borrowers on Conventional loans. If the VVOE dated within 10 days prior to loan closing cannot be obtained due to the shutdown, the VVOE requirement may be waived if a written statement is in the file describing the following:
- the steps the lender took to obtain the verbal VOE, and
- that the requirement could not be met as a direct result of the shutdown.