Skip to content
BOL Conferences
Thread Options
#1885274 - 01/10/14 05:15 PM AAN- calendar or business days?
Combustible Offline
Diamond Poster
Joined: Dec 2008
Posts: 1,268
Is the 30 days in Reg B considered calendar or business days for adverse action?

Return to Top
Lending Compliance
#1885276 - 01/10/14 05:18 PM Re: AAN- calendar or business days? Combustible
ahou Offline
Power Poster
ahou
Joined: Aug 2002
Posts: 3,094
calendar
_________________________
Opinions are my own and not of my employer.

Return to Top
#1885282 - 01/10/14 05:20 PM Re: AAN- calendar or business days? Combustible
Combustible Offline
Diamond Poster
Joined: Dec 2008
Posts: 1,268
Thank you, but where would I find that information? Does it specify in the regulation?

Return to Top
#1885303 - 01/10/14 05:35 PM Re: AAN- calendar or business days? Combustible
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
Section 1002.9(a) of Reg. B uses the undefined term "days", not "business days" or anything else that would imply something other than calendar days. When a term is not defined, you default to the dictionary definition.
_________________________
...gone fishing.

Return to Top
#1885309 - 01/10/14 05:38 PM Re: AAN- calendar or business days? Combustible
Combustible Offline
Diamond Poster
Joined: Dec 2008
Posts: 1,268
VERY Helpful! Thank you!

Return to Top

Moderator:  Andy_Z