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Saturday and HOEPA

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Question: 
For HOEPA loans, does Saturday count as one of the three days between disclosure and closing?
Answer: 

226.31 tells you that the definition of "business day" for HOEPA is the same as rescission. So Saturday will count as a business day for these loans.

First published on BankersOnline.com 11/3/03

First published on 11/03/2003

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