settlement 02NC group receives $12 Million under BOA mortgage settlement


This is a Courier-Tribune article.


BOSTON — Eric D. Green, independent monitor of Bank of America’s August 20, 2014, mortgage settlement with the U.S. Department of Justice and six states, announced the distribution of $12,071,404 to the N.C. State Bar Plan for Interest on Lawyers’ Trust Accounts, as mandated under the settlement, to provide legal assistance in foreclosure prevention and community redevelopment.

The plan, headquartered in Raleigh, is one of 56 state-based legal-assistance organizations receiving funds under the settlement, which settled legal claims arising from mortgage-related activities by Bank of America (BOA) and its subsidiaries.

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