Effective July 26, 2006, Financial Institutions are required to obtain certification of compliance with the revised IOLTA Guidelines approved by the Supreme Judicial Court for interest rate comparability. All financial institutions that wish to remain eligible depositories of IOLTA funds must complete the certification forms available from the IOLTA Committee.
If you have not yet been certified by the Committee and/or need certification forms, please call us at (617) 723-9093.
The following information and forms are available to be viewed or printed.
| Program Overview |
Provides a brief overview of the IOLTA program and the charitable entities. |
| Guidelines For Financial Institutions |
Provides information for financial institutions to insure their role in making the IOLTA program a success. |
| Financial Institution IOLTA Summary Sheet |
This general summary form (or a similar form) should be completed and sent to the IOLTA Committee whenever interest is remitted. |
| Interest Remittance Report | This remittance report form (or a similar form) should also be completed and sent to the IOLTA Committee whenever interest is remitted. |
| Interest Remittance Report Instructions |
These directions aid in completing the Interest Remittance Report. |
| Notice of Enrollment Form | This form should be used when an attorney opens an IOLTA account. |
| Account Closing Form | This form should be completed and mailed to the IOLTA Committee when an IOLTA account is closed. |
| IOLTA Guidelines | The Supreme Judicial Court on July 26, 2006 updated the interest rate parity provisions of the IOLTA Guidelines. Please see the attached link for the new Guidelines. |