write a short response to this from me, When a closing is subject to the Truth-in-Lending right of rescission, the borrower has three business days after closing to cancel the transaction. Business days don't include Sundays or federal holidays. In this case, the closing happens on July 2. That means the rescission period would start on July 3. Since July 4 is a holiday, that day doesn't count. Now depending on the lender Saturday July 5th could count or not because it's not a business day and most banks are open until 2pm. July 6th would not count because it is a Sunday. So day 2 and 3 would be July 7th and 8th. For me, to be safe, we usually go by the most conservative approach and say the rescission period expires at midnight on July 8. That way, we avoid any confusion about whether Saturday counts