In another life as a consumer lender we always made the first payment at least 30 days from the date of the note, but not more than 45. Is that a regulatory requirement?

That is not a regulatory requirement as far as I know.

We are a de novo, and it is so funny how much of our other lives are cultural, verses practices, verses procedures based on old technology, verses law....and separating fact from fiction has been really really interesting!

You need to check with your State. Some states do have restrictions and some don't.

I was reminded that this was a requirement under the old Rules of 78....I am just getting old!