Reasonable Date – Upon receipt of an application,
servicers must send an acknowledgment notice within five
business days that includes a reasonable date by which the
borrower should return any documents and information
necessary to make the application complete.
Generally, under the 2016 Amendments, a servicer complies
by selecting a date 30 days from the date it provides the
notice. However, servicers may not select a date later than
the next milestone unless the next milestone is less than 7
days away.
18
Reasonable Date
