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  • 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.