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A Closing Disclosure is delivered to the borrower in person on Monday, March 10th. What is the earliest the loan can close?

Federal Mortgage Law · 24% of the SAFE exameasy

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Correct answer: Thursday, March 13th

The CD must be received at least 3 business days before closing. For CD timing, "business day" = Monday through Saturday (excludes Sundays and federal holidays only). Received Monday(day 0), Tue(1), Wed(2), Thu(3) = earliest closing is Thursday, March 13th.

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