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State Bar & Bar Associations

Feb. 20, 2016

State Bar receives $44M for legal aid

The funding comes from settlements the U.S. DOJ reached with Bank of America

By Lyle Moran
Daily Journal Staff Writer

The State Bar announced Thursday it received $44 million to fund legal services as a result of U.S. Department of Justice settlements with Bank of America stemming from the housing and foreclosure crisis.

The agreements stipulated that every Interest on Lawyers' Trust Accounts, or IOLTA, program nationwide would receive funds to support legal services to prevent foreclosure...

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