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#2251797 - 04/05/21 02:22 PM TRID Calendar
WDCA Offline
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Joined: Nov 2015
Posts: 76
Our lending department is changing our LOS vendor and the vendor is not excluding 12/24/21 and 12/31/21 from the business day, integrated disclosure and rescission calendar. We are closed on these Fridays in observance of the holidays that fall on Saturday.

Can someone help me determine if I'm misunderstanding the LE waiting period? I am under the impression that we would Not count 12/24 and 12/31 because we are required to use the general business definition.

Therefore, I'm thinking we would not count Friday (not open), Saturday (holiday) or Sunday (not open)?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2251798 - 04/05/21 02:27 PM Re: TRID Calendar WDCA
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,971
Galveston, TX
What waiting period? Waiting period to close? They would be included. They would not be included in the three business days to deliver the initial LE.
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#2251801 - 04/05/21 02:59 PM Re: TRID Calendar WDCA
WDCA Offline
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Joined: Nov 2015
Posts: 76
Yes, sorry - the delivery is what I was questioning. Thank you!

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