A missed deadline must be reported immediately
What the document says“immediately after missing the deadline, the applicable Bureau office shall provide notice of the delay in review and processing to-- (A) the party that submitted the mortgage package or requested the first certified title status report; and (B) the lender for which the mortgage package (including any corresponding first certified title status report or subsequent certified title status report) is being requested.”
Where the office misses any deadline set by subsection (a), it must give notice of the delay immediately, to both the party that submitted the package and the lender.
What the document actually says“immediately after missing the deadline, the applicable Bureau office shall provide notice of the delay in review and processing to-- (A) the party that submitted the mortgage package or requested the first certified title status report; and (B) the lender for which the mortgage package (including any corresponding first certified title status report or subsequent certified title status report) is being requested.”
If the BIA office misses a deadline, it must tell of the delay at once. It tells the one who sent the papers and the lender.
There is no grace period here. The notice is due as soon as the day passes.
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