When I testify in court for Rusty, he asks me my name, if we’re related, and how we’re related. I always say that Rusty is my big brother…because he is.
I recently testified at one of Rusty’s foreclosure hearings and I was surprised how many people don’t understand a Truth In Lending form, including the opposing counsel who represented the lender-he didn’t understand anything about the Truth In Lending form. It was very humbling to realize when I’m in a closing room with a customer how important my role is to make sure that buyer understands what Truth In Lending means and all the other closing documents.
The Truth-In-Lending Act (TILA) is a federal law that requires disclosure of a truth-in-lending statement for consumer credit. The statement includes a summary of the total cost of credit, such as the annual percentage rate (APR) and other specifics of the credit.
For people buying real estate, they rely on my expertise and knowledge to explain the deal they’re signing and make sure they know what they’re getting into. Rusty is my big brother, but sometimes I get to be the “big brother” for other people.