# Pass-Through Share Insurance for Interest on Lawyers Trust Accounts
> **US National Credit Union Administration** · Final rule. · Published 2015-12-28 · Effective 2016-01-27 · 80 FR 80635
## Document
- **Document number:** 2015-32164
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 80 FR 80635
- **CFR reference:** 12 CFR 745
- **Publication date:** 2015-12-28
- **Effective date:** 2016-01-27
## Abstract

The NCUA Board (Board) is amending its share insurance regulations to implement statutory amendments to the Federal Credit Union Act (FCU Act or the Act) resulting from the recent enactment of the Credit Union Share Insurance Fund Parity Act (Insurance Parity Act). The statutory amendments require NCUA to provide enhanced, pass- through share insurance for interest on lawyers trust accounts (IOLTA) and other similar escrow accounts. As its name implies, the Insurance Parity Act ensures that NCUA and the Federal Deposit Insurance Corporation (FDIC) insure IOLTAs and other similar escrow accounts in an equivalent manner.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2015/12/28/2015-32164/pass-through-share-insurance-for-interest-on-lawyers-trust-accounts)
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