July 2006 IOLTA Guidelines:
The Supreme Judicial Court revised the interest rate comparability provisions of the IOLTA Guidelines effective July 26, 2006. Prior to January 1, 2007, attorneys must insure their IOLTA accounts are maintained at financial institutions that have been certified by the Committee to be in compliance with the revised Guidelines.
Please visit our List of Approved IOLTA Depositories to insure your accounts are maintained at an eligible institution.
July, 2004 Rules of Professional Conduct:
Supreme Judicial Court Press Release, September 4, 2003.
"Records for Other People's Money", by Daniel C. Crane, Bar Counsel, October, 2003.
| Client Funds Booklet--Online |
From this page you can read our Guidelines For Managing Client Funds booklet. Reviewing this material will help you manage your client's funds and includes the Massachusetts Rules of Professional Conduct, Rule 1.15. |
| Account Opening Form--Online |
This Notice of Enrollment form can be printed or downloaded and is used to open an IOLTA account at any approved IOLTA depository. Completed copies of the Notice of Enrollment should be sent to the Committee after opening a new account. |
| Approved
IOLTA Depositories
|
Attorneys may only hold IOLTA funds in financial institutions that have been certified by the IOLTA Committee to be in compliance with the revised 2006 IOLTA Guidelines. Please review the attached list and insure you maintain IOLTA accounts only at approved depositories before the January 1, 2007 deadline. |
| BBO
Registration Information
|
The IOLTA Committee frequently receives calls from attorneys regarding the Board of Bar Overseers annual registration renewal process.
Revised Guidelines for operation of the program, including the July 26, 2006 interest rate comparability provisions, can be found at the attached link. |