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What is considered a "business day" under TRID rules?

Any day the borrower finds suitable

Any day the lender's office is open to the public

Under TRID (TILA-RESPA Integrated Disclosure) rules, a "business day" is defined as any day the lender's office is open to the public for conducting regular business. This includes the days when the institution is officially operational and available for customer service, which typically excludes weekends and federal holidays.

The practical implication of this definition is significant in the mortgage process as various timing requirements, such as those for providing disclosures and completing certain actions, depend on this designation of business days. Therefore, understanding that a business day revolves around the lender’s operational calendar helps ensure compliance with the timing requirements set forth under TRID regulations.

Weekdays excluding holidays

All days including weekends and holidays