IOLTA News

NEWS

News for 2025 Grant Applicants

News for 2025 Grant Applicants

2025 GRANT APPLICANTS:  

AVAILABILITY OF FUNDING FOR DIRECT LEGAL AID

 Download the 2025 Availability of Funding For Direct Legal Aid

 

The application package for the New Jersey IOLTA Discretionary Grant program for the year 2025 is now available on our website. The deadline for submission is Friday, August 16, 2024. Applicants must upload their package via our secure grantee portal by this date. New users should contact us for instructions and a password. Please refrain from mailing the application through USPS or any other delivery service. We do not accept hand-delivered applications. Submissions after the deadline will not be considered.

At this time, the total funds available for the 2025 grant pool cannot be determined, as it is contingent on the interest accrued from attorney trust account balances. More details will be provided alongside the application.

We appreciate your interest in the 2025 IOLTA discretionary grant program. For any inquiries regarding the program's policy, application process, or deadline, please contact IOLTA at 732-247-8222 or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

 

ACCOUNT OPENING PROCEDURES FOR A NEW TRUST ACCOUNT

ACCOUNT OPENING PROCEDURES FOR A NEW TRUST ACCOUNT

All new attorney trust accounts should be opened as non-interest bearing checking accounts. Please instruct the attorney or law firm to call IOLTA to request registration forms.

If it seems too good to be true, it usually is

If it seems too good to be true, it usually is

New Jersey attorneys should be alert to scams involving attorney trust accounts.

About NCUA Insurance on Attorney Trust Accounts

About NCUA Insurance on Attorney Trust Accounts

On December 18, 2014, President Obama signed into law the Credit Union Share Insurance Fund Parity Act creating deposit insurance parity for credit unions by directing the National Credit Union Administration to extend share insurance coverage to trust accounts such as IOLTA and other similar accounts.

NCUA INSURANCE COVERAGE OF TRUST ACCOUNT DEPOSITS

NCUA INSURANCE COVERAGE OF TRUST ACCOUNT DEPOSITS

On December 18, 2014, President Obama signed into law the Credit Union Share Insurance Fund Parity Act creating deposit insurance parity for credit unions by directing the National Credit Union Administration to extend share insurance coverage to trust accounts such as IOLTA and other similar accounts. While new rules have not been published yet, the Act was effective immediately. Credit unions must first be approved by the Office of Attorney Ethics before offering attorney trust accounts to law firms.

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CONTACT US

The IOLTA Fund of the Bar of New Jersey
One Constitution Square
New Brunswick, NJ 08901-1520
E-mail: info@ioltanj.org
Phone: 732-247-8222