The definition of a “business day” is slightly different 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 example, if you submit a loan application on a Thursday to a creditor’s office that is only open Monday-Friday—you might have to wait until the following Tuesday to receive your loan estimate.

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

So before you get too nervous about how long it’s taking your creditor or lender to send you information and forms, check your calendar to see how many business days it’s been. Chances are, asking for things too close to the weekend or a Federal holiday will slow down the process by a day or so.


At Title Junction we care about helping you stay informed throughout your real estate transaction. Have questions? Give us a call at 239.415.6574.

In case you missed it, check out our last Title Junction post: What Happened to My Escrow?

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