I was on vacation during my last post using one of the last lender emails I received while in Yosemite. I am catching up, including some additional research.
Interpretation of the CFPB TRID rules seem to vary this year including one major source who says in a *conversation* with the CFPB, that Monday June 20, 2022, *may* be included as a rescission day, however a conservative approach not counting it as a rescission day is allowed.
I agree using the lender's and title's instructions is the best route here.
You may recall (ha!) during your TRID Certification there are some loans that do not fall under TRID such as reverse mortgages, HELOCs, and a few others so a refi of one of those will count Monday as a rescission day.
It's interesting that most posters here have loans excluding Monday as a rescission day and that appears to be the approach most lenders and major title companies are taking. Whether this is a conservative approach, or their legal interpretation is unknown, but best go by it.
I noticed ABC and some minor title companies are calling Monday a rescission day. Here are some links to major title company's rescission calendars excluding Monday as a rescission day:
First American - http://closingdates.firstam.com/
Fidelty National Title Ins - http://fntic.com/cfpb/calendar.htm
(You have to enter refi and personal delivery)
Chicago Title - http://www.chicagotitleconnection.com/Images2022/PDF/RescissionCalendar2022.pdf
Others - and so on...
Monarch Title - http://monarchtitlecompany.com/wp-content/uploads/sites/191/2022/01/2022-Rescission-Calendar.pdf
|
| Messages in this Thread |
|  RE: RTC do is Monday, June 20th counted like the June 19th . - Mills Mobile Notary Service on 6/15/22 6:41pm |
|  Re: RE: RTC do is Monday, June 20th counted like the June 19th . -  Yoli/CA on 6/15/22 7:45pm |
|  Too bad there aren't many refi's out there where the signing - grapebed on 6/15/22 7:53pm |
| Re: RE: RTC do is Monday, June 20th counted like the June 19th . - Doris_CO on 6/15/22 7:54pm |
| Re: RE: RTC do is Monday, June 20th counted like the June 19th . - Mills Mobile Notary Service on 6/15/22 10:14pm |
|  Re: RE: RTC do is Monday, June 20th counted like the June 19th . - Bear900/CA on 6/16/22 12:19am |
|  Banks and the Federal Reserve are closed on Monday, June 20 - grapebed on 6/16/22 1:04am |
| Re: RE: RTC do is Monday, June 20th counted like the June 19th . - Yoli/CA on 6/16/22 10:16am |
|  I saw the same thing on a primary residence heloc today. - JanetK_CA on 6/16/22 9:05pm |
| Thanks. That new holiday still confuses me. No work these - MW/VA on 6/16/22 9:40am |
| Re: Thanks. That new holiday still confuses me. No work these - Jayhawk/KS on 6/16/22 5:31pm |
| Re: Thanks. That new holiday still confuses me. No work these - SC/CA on 6/16/22 7:25pm |
| IMO any political discussion of the holiday belongs in JP. n/m - MW/VA on 6/17/22 9:00am |
| Mine is not taking the extra day - PaigeTurner on 6/17/22 7:02am |
| Re: Mine is not taking the extra day - Amigoaz on 6/17/22 8:51am |
| Banks closed Monday--shouldn't be counted. n/m - MW/VA on 6/17/22 9:03am |
| I would simply follow the directives of the Title Company. n/m - grapebed on 6/17/22 9:47am |
| Of course. Just discussing. ;-) n/m - MW/VA on 6/17/22 10:27am |
| I am not changing anything n/m - PaigeTurner on 6/17/22 4:21pm |
| Unfortunately the final answer is: "It depends" on June 20h. - Mills Mobile Notary Service on 6/17/22 2:30pm |
| Correct, thanks n/m - PaigeTurner on 6/17/22 4:22pm |
| Re: RE: RTC do is Monday, June 20th counted like the June 19th . - shooterclay on 6/17/22 10:49pm |
| Re: RE: RTC do is Monday, June 20th counted like the June 19th . - pdl/cali on 6/18/22 10:50am |
 | Interesting conversation, thanks for informative comments - Bear900/CA on 6/18/22 11:04pm |
| Msg #407336 same old discussion about - Bear900/CA on 6/19/22 12:37am |
