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)?