The Iowa Supreme Court Lawyer Trust Account Commission announced it is accepting applications for grants in a special program funded by a Bank of America donation of more than $346,700.

 

The money must be used by legal aid organizations in Iowa for foreclosure prevention legal assistance and community redevelopment legal assistance. The donation is part of an August 2014 U.S. Department of Justice $16.65 billion settlement with Bank of America and its former and current subsidiaries, including Countrywide Financial Corp. and Merrill Lynch, that resolved civil investigations relating to residential mortgage-backed securities, collateralized debt obligations, and practices concerning the underwriting and origination of loans.

 

The application form and request for proposals may be downloaded from the commission's Web page.