Martin Luther King Day Lock Desk Hours

The Lock Desk will be closed on Monday, January 16, 2017 for Martin Luther King Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 17, 2017.

Locks that expire on the holiday will automatically roll to the next business day. In addition there are some important disclosure considerations associated with the holiday:

  • Monday, January 16, 2017 cannot be included in the rescission period for refinance transactions.
  • Monday, January 16, 2017 cannot be included in the seven (7) business day waiting period between the between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
  • When re-disclosure of the LE is required, Monday, January 16, 2017 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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