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#2206112 - 02/14/19 03:44 PM Holidays and Appraisal Delivery
ScoutLaRue Offline
Member
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
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rlcarey
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.
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#2206133 - 02/14/19 04:39 PM Re: Holidays and Appraisal Delivery ScoutLaRue
Darth HMDA, CRCM, CAMS Offline
Diamond Poster
Darth HMDA, CRCM, CAMS
Joined: Dec 2013
Posts: 1,387
CA
We would also exclude the holiday from the waiting period count. (as Randy said)
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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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