If you need assistance, please call 727-595-7653

What Is A ‘Business Day’ For Real Estate Loan Disclosures?

Thursday, September 16, 2021   /   by Aaron Marasigan

What Is A ‘Business Day’ For Real Estate Loan Disclosures?

blog, By Brenda Bianchi



“Business day” is defined slightly differently for Loan Estimates and Closing Disclosures.

For Loan Estimates, each day on which a creditor’s offices are open to the public count as a business day. Loan estimates must be delivered or placed in the mail no later than the 3rd business day after receiving your loan application.

For Closing Disclosures, a business day is defined as all calendar days except Sundays and the Federal public holidays The Closing Disclosure must be provided to you at least 3 business days PRIOR to loan consummation.