Illinois contract deadline calculator
Most Multi-Board deadlines run in Business Days (Monday through Friday, excluding federal holidays), counted from the Date of Acceptance. Because weekends and holidays are skipped while counting, a business-day deadline never lands on one. Source
medium confidence · Holidays: Business Days are Monday through Friday, excluding federal holidays. · Last checked 2026-10-16
Calculate your deadlines
Worked example: Illinois
Multi-Board Residential Real Estate Contract 7.0. Effective Date Friday, October 16, 2026, Closing Friday, November 20, 2026. Calculated with the same rules as the calculator.
| Deadline | Date |
|---|---|
| Earnest money tendered to escrowee uses 3 days as a placeholder because the form leaves it blank | Wednesday, October 21, 2026 |
| Attorney Review period ends | Friday, October 23, 2026 |
| Unresolved modifications: termination right opens | Friday, October 30, 2026 |
| Inspection period ends | Friday, October 23, 2026 |
| Loan Contingency Date | Monday, November 30, 2026 |
| Closing uses undefined days as a placeholder because the form leaves it blank | Friday, November 20, 2026 |
What happens if a Illinois deadline falls on a weekend or holiday?
Business Days are Monday through Friday, excluding federal holidays.
- Does not move: Earnest money tendered to escrowee; Attorney Review period ends; Unresolved modifications: termination right opens; Inspection period ends; Loan Contingency Date; Closing.
Based on the Multi-Board Residential Real Estate Contract 7.0. ClosingCal uses federal holidays. Check any state or local closures that apply to your deal.
Illinois deadlines explained
Multi-Board Residential Real Estate Contract 7.0
Version 7.0. A Multi-Board 8.0 was published in 2025, so check which version you signed. · Form source
| Deadline | Default | Source |
|---|---|---|
| Earnest money tendered to escrowee | The form leaves the number of business days after the Effective Date blank, so it is whatever the parties negotiated. | Source (2026-10-16) |
| Attorney Review period ends | By default it is 5 business days after the Effective Date (¶10). | Source (2026-10-16) |
| Unresolved modifications: termination right opens | By default it is 10 business days after the Effective Date (¶10(c)). | Source (2026-10-16) |
| Inspection period ends | By default it is 5 business days after the Effective Date (¶12). | Source (2026-10-16) |
| Loan Contingency Date | By default it is 45 calendar days after the Effective Date (¶5(a)). | Source (2026-10-16) |
| Closing | It is the date written into the contract. | Source (2026-10-16) |
Illinois deadline FAQ
Do weekends count in Illinois real estate contract deadlines?
Most Multi-Board deadlines run in Business Days (Monday through Friday, excluding federal holidays), counted from the Date of Acceptance. Because weekends and holidays are skipped while counting, a business-day deadline never lands on one.
What happens if a Illinois contract deadline falls on a weekend or holiday?
These do not move: Earnest money tendered to escrowee; Attorney Review period ends; Unresolved modifications: termination right opens; Inspection period ends; Loan Contingency Date; Closing.
Which holidays matter for Illinois contract deadlines?
Business Days are Monday through Friday, excluding federal holidays.
Which Illinois contract forms does ClosingCal cover?
Multi-Board Residential Real Estate Contract 7.0 (Version 7.0. A Multi-Board 8.0 was published in 2025, so check which version you signed.).
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