Posted by Pierces Notary Services on 12/21/11 11:24am
Msg #407200

Monday, 12/26

Is Monday considered a federal holiday?

Reply by Stephanie Santiago on 12/21/11 11:27am
Msg #407201

Banks are closed the 12/26 and 01/02. n/m

Reply by Roger_OH on 12/21/11 11:29am
Msg #407202

Yes...

it's the observed holiday. Banks closed, no mail, no FedEx/UPS delevery.

Reply by MW/VA on 12/21/11 12:33pm
Msg #407224

That's when it's being "observed", but it is a Federal

Holiday?

Reply by jba/fl on 12/21/11 12:41pm
Msg #407225

I'm going out on a limb here - but I believe that

Christmas will be observed on Sunday, December 25. Just ask any kid if they will wait until Monday.

Reply by Stephanie Santiago on 12/21/11 1:11pm
Msg #407231

Re: That's when it's being "observed", but it is a Federal

Conferences - Federal Holiday - December 26, 2011 Email this page

Event Name: Federal Holiday

Start Date: Monday, December 26, 2011
End Date: Monday, December 26, 2011

Reply by C. Rivera Chicago Notary Services on 12/21/11 1:35pm
Msg #407240

okay I just posted on another similar post...here it is....

<<*** December 25, 2011 (the legal public holiday for Christmas Day), falls on a Sunday. For most Federal employees, Monday, December 26, will be treated as a holiday for pay and leave purposes. (See section 3(a) of Executive order 11582, February 11, 1971.)>>

http://www.opm.gov/operating_status_schedules/fedhol/2011.asp

And it seems that some on bankersonline are also confused....LOL

http://www.bankersonline.com/forum/ubbthreads.php?ubb=showflat&Number=1641569

Reply by Bob_Chicago on 12/21/11 3:28pm
Msg #407259

If memory severs, our beloved and much missed PAW

posted here , and on other sites, that when Federal Holidays which are celebrated on the
same date each year (eg. 4th of July, Christmas , New Year's Day) fall on a Sunday but are observed by closing Federal offices and the USPS on the following Monday, then the Monday DOES count as a business day. for loan recission purposes.
Paul and I went round and round on this for a while, but I finially agreed with him.
However, most lenders are treating it as a holiday for recission purposes, although , according to Paul, they are NOT required to..
I makes more sense to me to treat the Monday as a holiday for RTC purposes, as the borrower, if that is the last day for recission, would be unable to have a notice of cancellation of the loan postmarked on that date, as the USPS is closed.
Someone more adept than me, can search for the old threads. It would probably have been during the last year that Xmas fell on a Sunday.

Reply by MikeC/TX on 12/21/11 7:08pm
Msg #407294

No

The federal holiday is 12/25; 12/26 is a holiday for federal employees, but it's a business day for the rest of us.

Reply by CopperheadVA on 12/21/11 9:39pm
Msg #407310

Re: No

Just received docs for Thursday AM appointment - RTC expires on 12/26 - I double checked and they said this is correct. Some lenders are giving the extra day, some aren't.