[tclowes]

If we have an applicant input all 6 pieces of information that would make it an application on a Friday night after the bank has closed… when does the clock start ticking on the Loan Estimate?? Would it start Friday or Monday??? We are not open on Saturday for loan services.

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[rcooper]

The application would be considered received on the next day business day (i.e. when you are open for conducting substantially all your business functions) which for your bank sounds like Monday. I have heard some lenders place notices on their websites letting consumers know when application will be considered received if submitted after business hours; however, this is not a requirement.

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