Definition of a business day for closings includes which condition?

• A. Any day except Sunday and federal holidays (whenever the mail runs)
• B. Only weekdays
• C. Saturdays may count as business days
• D. Only days when the lender is open for business

Answer: (A)

A business day for closings is any day on which business is being conducted and mail can be delivered, with Sundays and federal holidays excluded. This is why Saturdays can count as business days if the lender is open and mail is delivered; holidays stop the clock because mail isn’t delivered on those days. So the statement that closings may occur on any day except Sunday and federal holidays (whenever the mail runs) best captures how these timing rules work in practice. The other options are too narrow: weekdays only would omit Saturdays that can count, and tying it strictly to the lender’s open status ignores the mail-delivery aspect that affects counting.