|
Prime Partners
The Texas Access to Justice Foundation works closely with Texas banks to ensure
their participation in the Interest on Lawyers’ Trust Accounts (IOLTA) Program.
Per Supreme Court of Texas rules, IOLTA accounts must be held at banks that pay
interest rates comparable to similarly situated accounts. Prime Partner banks, listed
below, go above and beyond eligibility requirements by paying at least 70.00%
of the Fed Funds Target Rate. The additional interest ensures more funding for
legal aid.
Since September 2007, the Federal Reserve has lowered the Fed Funds Target Rate from 5.25% to 1.00%,
which means that IOLTA projected revenue for 2008 has dropped from $28.0 million to $12.5 million.
You can help by doing one the following:
- Bank at a Prime Partner bank.
- If you do business with a non-Prime Partner bank, persuade the bank to become a
Prime Partner.
- If you are employed by a non-Prime Partner bank, persuade the bank to become a Prime
Partner.
View all
eligible banks.
|
Recent News
November 7, 2008
Lone Star National Bank Becomes Prime Partner
October 28, 2008
Free Online Legal Help Now Available
for Hurricane Ike Victims
October 21, 2008
Legal Aid Offices to Help Victims of Ike and Gustav
September 15, 2008
Donate to help with Ike legal assistance needs.
September 3, 2008
TAJF awards more than $24 million
Novermber 9, 2008
FDIC Closes Franklin Bank and Prosperity Bank takes over
Donate to help
with FLDS legal assistance.
FLDS pro bono attorney reimbursement form.
More news
|