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Days Before Funding on Home Improvement

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Question: 
What are the required number of days before funding on a home improvement loan? I understand it was changed to 5 days, fund, then the 3 days right of rescission.
Answer: 

You may be addressing a state issue as Reg. Z at 226.23 and 226.15 will require you to close the loan and wait 3 business days before funding.

First published on BankersOnline.com 11/3/03

First published on 11/03/2003

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