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Caution: Deal with Your Bank Honestly


David A. Domina of Domina Law Group gave some suggestions for how to deal with your bank honestly and why it is wise to do so. Many people are under the false impression that dealing with bank creditors is intuitive. Truthfully, it takes more than just instinct to navigate the waters of banking. One important standard to live by is that, while it is natural to hide bad news from your friends and family, it is imperative that you disclose bad news to your banker. The law actually requires fidelity in places such as 18 U.S.C. § 1001 and 18 U.S.C. § 1344. Telling the truth is not only lawful; it fosters confidence and a relationship of trust. So what can you do when faced with hard times? Be truthful. Face hard financial times with the understanding that good and bad times ebb and flow naturally. Also, be proactive in seeking out high quality legal advice.

To learn more from Mr. Domina, view: Caution: Deal with Your Bank Honestly!

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