Note: This rescission calculator calculates the rescission and
funding dates based upon the
standard federal holidays. If a fixed date holiday
falls on a Sunday (New Year's Day, Juneteenth Day, July 4th, Veterans' Day, Christmas) the Monday following is
skipped as a funding date and for rescission purposes. The built in Javascript calendar is accurate until September 12, 275,760 C.E. (Which
is a close date of September 8, 275,760).
Here is the list of the Holidays affecting rescission:
New Year's Day
Martin Luther King Jr Observance
Washington's Birthday Observance
Memorial Day
Juneteenth Day
Independence Day
Labor Day
Columbus Day
Veterans' Day
Thanksgiving
Christmas Day
Disclaimer for Mortgages
Only the date specified in the statute is considered a legal holiday for purposes of rescission. Five federal legal holidays are identified in 5 U.S.C. 6103(a) by a specific date: New Year’s Day, January 1; Juneteenth, June 19th; Independence Day, July 4; Veteran’s Day, November 11; and Christmas Day, December 25. When one of these holidays falls on a Saturday, July 4 for example, federal offices and other entities may observe the holiday on the preceding Friday, July 3. The observed holiday, July 3, is a business day for purposes of rescission or the delivery of disclosures for certain high-cost mortgages covered by Reg. Z § 1026.32.