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#852272 - 11/09/07 04:37 PM Note date - Federal Holiday
MadisonCali Offline
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Joined: Jun 2006
Posts: 2,515
Can you have a note dated on a Federal Holiday?

I have a lender meeting a client on Monday (Veteran's Day), even though we're closed, for the signing of a commercial loan document.

Are there any problems with this, or things we need to do differently?

Thanks!
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#852330 - 11/09/07 05:33 PM Re: Note date - Federal Holiday MadisonCali
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,084
Toano, VA
Yes, unless your state has a law that voids contracts that are executed on federal holidays. You must recognize, however, that there's a risk of intervening liens on your collateral (if any) since you can't record the security instruments as soon as they are signed.
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