Thread Starter: John Burnett
Title: Re: MLK Day & TRID
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You can close a loan and fund it on a holiday (unless state law disallows it). But MLK day is not counted as a business day for rescission and other events involving the counting of precise-definition business days. Examples: the three-day period for presumption of not-in-person delivery; the four days before consummation requirement for revised loan estimates; the receipt of the closing disclosure at least 3 biz days before consummation.
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