IOLTA and Other Similar Escrow Accounts Share Insurance

The NCUA’s rule codifies the insurance coverage pursuant to the Insurance Parity Act for IOLTAs and other accounts that satisfy the definition of “other similar escrow accounts.”  The Credit Union Share Insurance Fund Parity Act was passed in December 2014, and provides coverage to IOLTA and “other similar escrow accounts.”  Credit unions raised many questions about what qualifies as an … Read More