Rescissions & Disbursements for Christmas Holiday and New Year's Day
Newrez LLC "Newrez" Approved Correspondent Clients: please note that Saturday, December 25, 2021, is Christmas Day. The Federal Holiday will be observed on Friday, December 24, 2021. Saturday, January 1, 2022 is New Year’s Day. The Federal Holiday will be observed on Friday, December 31, 2021.
Newrez will be closed for business on Friday, December 24, 2021 and Friday, December 31, 2021.
It is important to remember that Saturday, December 25, 2021 and Saturday, January 1, 2022, cannot be included in the rescission period for rescindable loans.
Have a safe and wonderful Holiday Season!
Saturday, December 25, 2021
Accordingly, the following rescission dates will apply for loans closed on:
|
If Closing |
Then Rescission |
And Disbursements |
|
Tuesday, December 21 |
Friday, December 24 |
Monday, December 27 |
|
Wednesday, December 22 |
Monday, December 27 |
Tuesday, December 28 |
|
Thursday, December 23 |
Tuesday, December 28 |
Wednesday, December 29 |
|
Friday, December 24 |
Wednesday, December 29 |
Thursday, December 30 |
Saturday, January 1, 2022
Accordingly, the following rescission dates will apply for loans closed on:
|
If Closing |
Then Rescission |
And Disbursements |
|
Tuesday, December 28 |
Friday, December 31 |
Monday, January 3 |
|
Wednesday, December 29 |
Monday, January 3 |
Tuesday, January 4 |
|
Thursday, December 30 |
Tuesday, January 4 |
Wednesday, January 5 |
|
Friday, December 31 |
Wednesday, January 5 |
Thursday, January 6 |
Wire Desk
Since banks will not operate on Christmas or New Year’s Day, the Newrez Wire Desk will be unable to process wires on Friday, December 24, 2021, and Friday, December 31, 2021.