Federal Mortgage Law · 24% of the SAFE exameasy
Correct answer: Wednesday, March 12th
Step 1 — Mailbox rule: mailed Tuesday + 3 business days = Friday March 7th (presumed received). Step 2 — 3-day CD waiting: received Friday(day 0), then Sat(1), Mon(2), Tue(3) = earliest close Wednesday March 12th. Remember: Saturday counts as a business day for CD waiting period purposes.
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