Rescissions & Disbursements for Juneteenth 2022
Newrez LLC "Newrez" Approved Correspondent Clients: please note that Sunday, June 19, 2022, is Juneteenth. The Federal Holiday will be observed on Monday, June 20, 2022. Newrez will be closed for business.
As a reminder, since the legal public holiday falls on a Sunday, the observed holiday (Monday) can be considered a business day and can be included in timing requirements for the CD waiting period and rescission.
Accordingly, the following rescission dates will apply for loans closed on:
|
If Closing |
Then Rescission |
And Disbursements |
|
Wednesday, June 15 |
Saturday, June 18 |
Tuesday, June 21 |
|
Thursday, June 16 |
Monday, June 20 |
Tuesday, June 21 |
|
Friday, June 17 |
Tuesday, June 21 |
Wednesday, June 22 |
|
Saturday, June 18 |
Wednesday, June 22 |
Thursday, June 23 |
Wire Desk
Since banks will not be open on Monday, June 20, the Newrez Wire Desk will be unable to process wires. The Wire Desk will resume normal functions and hours on Tuesday, June 21, 2022.
Bulk Desk
The Bulk Desk will be closed on Monday, June 20, 2022. The Bulk Desk will resume normal functions and hours on Tuesday, June 21, 2022.