How would my finances be affected in case of a natural disaster?
Victims of natural disasters have many state and federal options after a natural disaster. Property and business owners are eligible for tax breaks that can alleviate some losses. It is important to keep records and when possible, copies in a safe place. Contact your lenders and explain the situation; many lenders will work with victims of natural disasters to establish provisional repayment options. Contact the IRS when disaster hits to prove that a loss has occurred in hopes of qualifying for a casualty loss deduction. Other Federal Resources: IRS toll-free disaster hotline (1-866-562-5227) Department of Housing and Urban Development http://www.hud.gov/ U.S. Small Business Administration http://www.sba.gov/ FEMA http://www.fema.gov/ NSF Fees/Overdraft Fees Non-sufficient fund fees occur when the drawer’s deposit balance is less than the amount of the check presented for payment against the account. To prevent NSF fees sign up for account alerts in Online Banking to notify you when yo
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