2025 GRANT APPLICANTS:  

AVAILABILITY OF FUNDING FOR DIRECT LEGAL AID

The grant application package for the New Jersey IOLTA Discretionary Grant Program for the calendar year 2025 will be posted to our website in late June, 2024. 

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.

New Jersey attorneys should be alert to scams involving 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.

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.