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A refinance of a principal dwelling is consummated on Thursday, April 9, 2026, and the borrowers receive the rescission notice and all material disclosures at closing. No holidays fall in the period. When does the rescission period end?
The consumer may rescind until midnight of the third business day following the last of consummation, delivery of the notice and delivery of all material disclosures (12 CFR 1026.23(a)(3)). For rescission, business days are all days except Sundays and legal public holidays (12 CFR 1026.2(a)(6)). From Thursday: Friday (1), Saturday (2), skip Sunday, Monday (3). The period ends at midnight Monday, so funds can be disbursed Tuesday. Source: 12 CFR 1026.23(a)(3); 12 CFR 1026.2(a)(6) (as at 11 Oct 2026).
Skipping Saturday, or counting Sunday, in the rescission period.
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