Show Terms in this set (137)A: Sundays and the legal public holidays. [CORRECT] Explain: The term "business day" has a different meaning for purposes of providing the Closing Disclosure than it does for purposes of providing the Loan Estimate. For purposes of providing the Closing Disclosure, the term business day means all calendar days except Sundays and the legal public holidays, such as New Year's Day, the Birthday of Martin Luther King, Jr., Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day. Students also viewedRecommended textbook solutions
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Which two items will appear on a closing disclosure quizlet?The Closing Disclosure is a five-page form that provides final details about the mortgage loan. It includes the loan terms, projected monthly payments, and how much the borrower will pay in fees and other costs to get the mortgage (closing costs).
Which answer best describes the purpose of the closing statement?What is the purpose of the closing statement? To summarize and simplify the financial transaction on the day of closing.
Which document is the most important at closing quizlet?What is the most important document at closing and why? The deed is the most important document because it transfers the property to the purchaser.
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Which of the following statements best defines what is included in a closing disclosure quizlet?
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