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“Status: I – AWAITING INSPECTION REQUEST” – Permit from >10 ys ago Electrical

If a house being sold has an open (electrical, it seems) application/permit which is in the status “Status: I – AWAITING INSPECTION REQUEST”, from over 10 years ago, what exactly does that mean (they filed a permit to do work but ignored the request for inspection?) and what ramifications does this have for financing? Must be closed out before financing?

The request type is Application.
The Job Started and stop dates are about a week after the Application Entered date.
Last Change is a year later.
Work to be done is general wiring and “service work/notify.”

Thanks.

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