What is the Client Security Fund assessment?
The Client Security Fund was established by the North Carolina Supreme Court by order dated August 29, 1984. The fund is administered by a board of trustees appointed by the State Bar Council. Its purpose is to reimburse, in whole or in part in appropriate cases and subject to the provisions and limitations of the Supreme Courts orders and State Bar rules, clients who have suffered financial loss as a result of dishonest conduct of lawyers engaged in the private practice of law in North Carolina. The amount of the Client Security Fund assessment is set by the North Carolina Supreme Court depending on the needs of the fund.
