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#2206112 - 02/14/19 03:44 PM Holidays and Appraisal Delivery
ScoutLaRue Offline
Joined: Jul 2016
Posts: 73
Can we count a legal public holiday (in this case Washington's Birthday) in the count for the 3 day waiting period for appraisal delivery?

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Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#2206121 - 02/14/19 04:04 PM Re: Holidays and Appraisal Delivery ScoutLaRue
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 79,663
Galveston, TX
Business day is not defined in Reg B. But the common interpretation is that the three business day delivery requirement runs concurrent with the CD delivery requirements. A Federal Holiday is no more of a business day than a Sunday.
The opinions expressed here should not be construed to be those of my employer:

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#2206133 - 02/14/19 04:39 PM Re: Holidays and Appraisal Delivery ScoutLaRue
Darth HMDA, CRCM, CAMS Offline
Diamond Poster
Joined: Dec 2013
Posts: 1,387
We would also exclude the holiday from the waiting period count. (as Randy said)
The opinions expressed are mine, do not represent the opinions of my employer, and they are not to be taken as legal advice.

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