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Financial Aid - Verification Flag - no longer Federally Selected

I see in PeopleBooks the Verification Flag on iew Packaging Status Summary (STDNT_AID_ATRBT) is auto updated to "Required to be Performed" when the latest loaded ISIR shows VERF_SELECTION_IND = Y (on ISIR_CONTROL for easy of querying). What I am not finding is for the rare occasion a newer ISIR no longer requires verification (VERF_SELECTION_IND = N) does this field automatically updated to "Not Required"? Or is a Pop Update intended as likely there are Checklist Items needing addressed also?

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