July 3, 2009 - Business Day?
By David Dickinson
We have always taught banks not to count the days when the Post Office is closed for determining the right of rescission period. Well, there's an exception to everything! This Friday (July 3, 2009), most Post Offices will close at noon, as the government is allowing federal employees some extra time off, but it isn't an "official" federal holiday. What does this mean to you? Whether your institution is open on July 3rd or not, you should still count it as a business day for Right of Rescission purposes.
Here's a link to the Federal Holidays for this and the next several years: http://www.federalreserve.gov/aboutthefed/k8.htm