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Hello. My name is Alex.Thank you for your question.I will be happy to provide you with information you are seeking for educational purposes only.
Did the Credit Union provide you with any type of written assurance / guarantee that the loan would close on September 1?
Unfortunately, email exchange would not be considered legally binding written agreement, since they are not signed by both parties or intended as a legally binding documents also any verbal assurances would not be legally binding, so unless there is a written document that expressly states that the Credit Union guarantees to close the loan by a certain day and the document is signed by the CU employee or officer, I am afraid there would generally not be any legal recourse under similar circumstances.
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I wish you the best of luck and God bless you!
Thank you for your follow up.
Is it stated anywhere in the Agreement Contract that CU guarantees a specific closing date (Lenders never give any guarantees, because they often run into all type of delays)?
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