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FDIC Federal Register Citations
Subj: FDIC Interim Rule RIN # 3064-AD37
Sample Text: I am a member of the Boards of Directors of New Hampshire Legal Assistance and Legal Advice and Referral Center, the statewide legal services programs serving low-income people in our state. Fully 25 percent of our funding comes from our state IOLTA program. Please amend the above interim rule to extend full coverage without any dollar limit to all IOLTA accounts. If these accounts are not given full coverage, many lawyers will feel compelled to convert their trust and escrow IOLTA accounts to straight non-interest-bearing transactional accounts, and this will result in a severe loss of funding for our program and a corresponding drastic cut in legal services to the poor, whose need for such services is greater in this economic downturn.
Douglas P. Hill
|Last Updated 11/13/2008||Regs@fdic.gov|