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gayaneshka [121]
3 years ago
14

A borrower signs the note and mortgage for a re-finance on his principal residence on Thursday, Dec. 31. What is the earliest da

y the funds for this loan could be disbursed (assuming no bona fide financial hardship)?
Business
1 answer:
maxonik [38]3 years ago
8 0

Answer: The earliest the funds could be disbursed would be Wednesday the 6th.

Explanation:

Federal holidays and Sundays are not counted when considering the 3business days rescission period for loans principal residences. The borrower has the opportunity till midnight on these 3 business days after landing papers are signed, the days are Saturday, Monday and Tuesday. With this consideration's, the earliest the funds could be disbursed would be Wednesday the 6th.

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<h3>What is Motivation?</h3>

Motivation serves as an act of giving energy to the components of the organization, it involves building up trust.

Therefore, motivation involves praising the work of employees and keeping them informed

Learn more about Motivation at;

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