Advocacy Alert - Support for Supreme Court Rule authorizing "Eligible Institutions"
- Organization: Legal Aid Association of California
- Document Type: Brief/Motion Papers
- Creation Date: Wednesday, December 17, 2008
- Submitted: Wednesday, December 17, 2008
- Attachment: DOC
The Legal Services Trust Fund Program has proposed a new Rule of Court to clarify the types of financial institutions that are eligible to hold IOLTA accounts. Before IOLTA comparability was enacted, other financial institutions besides banks were qualified to hold IOLTA accounts. The new proposed Rule will clarify that financial institutions such as savings & loans, savings banks, and credit unions remain eligible to hold IOLTA accounts.
LAAC supports this proposed Rule, and Stephanie Choy has asked LAAC to request letters of support from IOLTA-funded programs.
The deadline for Public Comment letters is Wednesday, January 7, 2009.
A template letter is attached. Here's the link to the Public Comment request: http://www.calbar.ca.gov/state/calbar/calbar_generic.jsp?cid=10145&n=94624
