NMLS 2739485
Truth in Lending Act (TILA) Disclosure
Effective Date: June 1, 2026
Clara Risus LLC is committed to providing customers with clear and understandable information about the cost and terms of their financing.
Credit Terms
Before entering into a consumer credit agreement, the customer will receive applicable disclosures identifying the important terms of the credit transaction, including:
- Amount Financed: The amount of credit provided to the customer.
- Annual Percentage Rate (APR): The yearly cost of credit, expressed as a percentage. • Finance Charge: The applicable cost of obtaining the credit, including interest and other applicable finance charges.
- Total of Payments: The total amount the customer is expected to pay over the life of the agreement, assuming payments are made as scheduled.
- Payment Amount: The amount and frequency of scheduled payments. • Number of Payments: The total number of scheduled payments.
- Payment Due Dates: The dates or payment schedule applicable to the agreement. • Late Fees or Other Charges: Any applicable fees or charges associated with late or missed payments, as permitted by law.
- Prepayment: Any applicable terms concerning early payment or payoff.
TILA and Regulation Z are designed to help consumers understand and compare the costs and terms of consumer credit.
Clear and Understandable Information
Clara Risus LLC will provide applicable credit disclosures in a clear and conspicuous manner so customers can review the important costs and terms before entering into the credit agreement.
Customers are encouraged to review all financing documents carefully and ask questions before signing.
Customer Acknowledgment
Policy for information only , borrower will sign a final at closing.