Definition of a business day for initial disclosures includes which condition?

• A. Any day you are open to the public for business
• B. All weekdays excluding holidays
• C. Any day including Sundays
• D. Only days when mail is delivered to the office

Answer: (A)

For initial disclosures, a “business day” means any day the creditor’s offices are open to the public for business. This matters because the timing for disclosures is counted from days when the lender is actually available to conduct business and provide documents. If the office is open on a Saturday, that counts as a business day; Sundays count only if the office is open. Holidays when the office is closed do not count. Mail delivery timing or defaulting to weekdays regardless of office hours aren’t what define a business day. That’s why the correct interpretation is any day you are open to the public for business.