SBA’s Office of Financial Program Operations (OFPO) has advised that it has established a dedicated e-mail for inquiries related to Validation Error 4363, which indicates a potential compliance issue on an existing SBA loan. Effective immediately, lenders should email [email protected] to request resolution of Validation Error 4363. Please see the full announcement for “processing tips for validation error 4363”.
SBA also has indicated that during the October 24 SBA 7(a) Connect Quarterly Update, in addition to discussing the changes that will be included in SOP 50 10 7.1, SBA will discuss SBA’s Risk Mitigation Framework and the eligibility/compliance check process and CAIVRS checks. So, additional information regarding this process should be included in that webinar.
