Implications of 2022 Juneteenth Holiday on Residential Mortgage Transactions

• June 17, 2022
• Zachary Pearlstein

In June of 2021 President Biden amended 5 U.S.C. 6103(a) to add “Juneteenth National Independence Day, June 19” to the list of Federal legal public holidays.  Many regulatory provisions reference this list of holidays, including Regulation Z’s specific business day definition.  However Regulation Z includes two definitions of “business day,” (specific and general) that apply to different disclosures.

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