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# of Days to Respond to Counteroffer on Mortgage

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Question: 
Currently my bank allows a customer 25 days to respond to a counteroffer on a mortgage application. Are we required to offer a longer period?
Answer: 

Not unless there is something in State law, which I doubt.

Just realize that if you didn't deliver a combined adverse action notice with your counter-offer, the adverse action notice must go out within 90 days if they do not accept your counter-offer.

First published on 10/08/2017

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