What does "no later than seven business days before closing" exclude?

The phrase "no later than seven business days before closing" indicates a timeframe that specifically counts only business days, which are typically defined as weekdays that are not designated as legal public holidays. Since legal public holidays are not considered business days, they would be excluded from the calculation. This means that, when determining the deadline for completing certain actions or providing documents, only weekdays that are not holidays are counted, ensuring that the timeframe remains viable for practical purposes related to the mortgage process. Thus, excluding legal public holidays is essential to understanding the correct interpretation of "business days."