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#1283773 - 11/09/09 09:20 PM Right of Recission
midwestgal Offline
Member
Joined: Apr 2008
Posts: 89
Midwest
Veterans Day is a federal holiday, however our bank is open. Do we count Veterans day for right of recission?

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Lending Compliance
#1283818 - 11/09/09 09:39 PM Re: Right of Recission midwestgal
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
No.

Business Day means a day on which the creditor's offices are open to the public for carrying on substantially all of its business functions. However, for purposes of rescission under §§ 226.15 and 226.23, and for purposes of § 226.19(a)(1)(ii), § 226.19(a)(2), § 226.31, and § 226.46(d)(4), the term means all calendar days except Sundays and the legal public holidays specified in 5 U.S.C. 6103(a), such as New Year's Day, the Birthday of Martin Luther King, Jr., Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day.
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#1283856 - 11/09/09 10:01 PM Re: Right of Recission rlcarey
midwestgal Offline
Member
Joined: Apr 2008
Posts: 89
Midwest
Thank you!

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