On closed end credit, is it possible to have a Note and disbursement date of 7-1-04 with a first payment date of 8-1-04? If so what regs apply? I have been told the first payment must be no less that 30 and no more than 60.

There are no federal regulatory issues here. Once in a while I'll hear of someone that mentions that the first payment couldn't be more than 45 days from the closing. I believe this and your info. is all someone's opinion, but not backed by anything.