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#2204932 - 02/04/19 03:52 PM Action Taken Date - Email sent to LO on Saturday
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,055
In the mountains
We are not open for business on a Saturday. We have a HMDA reportable withdrawal where the applicant sent an email to the LO on a Saturday withdrawing the loan application. Is the action taken date the Saturday or would it be considered on the Monday (the first business day)?

Thanks in advance.
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#2204938 - 02/04/19 04:06 PM Re: Action Taken Date - Email sent to LO on Saturday Likes to Comply
Adam Witmer Offline
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Joined: Sep 2010
Posts: 2,622
3. Action taken date—application withdrawn. For applications withdrawn, the financial institution may report the date the express withdrawal was received or the date shown on the notification form in the case of a written withdrawal.
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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#2204941 - 02/04/19 04:06 PM Re: Action Taken Date - Email sent to LO on Saturday Likes to Comply
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,762
Bloomington, IN
Your choice.

3. Action taken date—application withdrawn. For applications withdrawn, the financial institution may report the date the express withdrawal was received or the date shown on the notification form in the case of a written withdrawal.
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The opinions expressed are mine and they are not to be taken as legal advice.

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