NDC-008 – IRS Form 4506-C Completion and Best Practice Reminders
NOTICE TO: Non-Delegated Correspondents and Delegated Correspondents
IRS Form 4506-C Completion
FLCBank reminds its Non-Delegated and Delegated Correspondent Customers of the requirement to have each borrower whose income (regardless of income source) is used to qualify for the loan to complete and sign a separate IRS Form 4506-C at or before closing. Occasionally, it may be necessary to have the borrower complete and sign multiple IRS Form 4506-Cs depending on the transcripts required to validate the income.