Posted by bfnotary on 6/23/12 10:33am
Msg #424416
This may sound like a stupid question
Ok, I know end of month follows at end of 3 day right to cancel. Well end of month is saturday this week. And technically, don't loans fund the day after right to recission. So technically the 26th, end of recission would be friday, and fund would be saturday? right? Or do they actually fund on saturdays? And if I am wrong, could someone please clarify for me. Thanks
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Reply by MistarellaFL on 6/23/12 12:04pm
Msg #424427
Saturday fundings
can occur, if the TC and banks involved are open for business.
If not, funding occurs on the following Monday (or Tues, if Mon is a bank holiday).
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