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Mail-in Apps and Disclosure Clocks

Question: 
When an applicant emails a mortgage loan application, when it is considered received by the bank? When does the disclosure clock start to run?
Answer: 

by Randy Carey:

It would be the day the lender received the application in the mail. I really do not understand what you are asking?

Answer: 

by John Burnett:

The bank is not expected to have its staff's email inboxes attended 24/7. If the email hits an inbox at 3 a.m. on Sunday, the bank should consider it received on Monday morning (unless it's a holiday) at opening time.

First published on 07/02/2023

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