What Counts as Business Day

Business Days Specific to Mortgage Loans include all days except Sundays and Legal Public Holidays. As per Regulation Z, there are ten Legal holidays. They are New Year's day, The birthday of Martin Luther King Jr., President's Day (Washington's Birthday), Memorial Day, Independence Day, Labor Day, Columbus Day, Veteran's Day, Thanksgiving Day and Christmas Day. If the Holiday falls on a a Saturday or Sunday and is observed on a Friday or Monday, the Friday or Monday are not considered Public Holidays and are considered business days.

About the Author: Ahsan Bashir is an experienced Tax Consultant based in Irving, Texas, with over 25 years of expertise spanning Taxation, Accounting, Business Lending and Mortgage, Risk Management, Business Insurance, and Business Consulting. Through his firm, Z-Tax & Accounting, he provides comprehensive financial services including Individual and Business Tax Preparation, Bookkeeping, Payroll Processing, and Business Consulting. As an Enrolled Agent authorized to practice before the Internal Revenue Service (IRS), and an IRS Certifying Acceptance Agent (CAA), Ahsan Bashir delivers trusted, professional solutions tailored to the unique needs of both individuals and businesses.

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