New Address Effective September 1, 2008:
7 Winthrop Square, 3rd Floor
Boston, MA  02110-1245

Important Notice to Massachusetts Attorneys and Financial Institutions:

Ne w FDIC Rule Creates Unlimited Protection for IOLTA Accounts

 The Federal Deposit Insurance Corporation (FDIC) announced on November 21, 2008,  that effective immediately client funds deposited in IOLTA accounts at participating financial intuitions are eligible for unlimited deposit insurance coverage as part of the Temporary Liquidity Guarantee Program (TLGP).  All funds in an IOLTA account, regardless of size, will now be insured in full by the FDIC and backed by the full faith and credit of the United States Government, as part of the Temporary Account Guarantee (TAG) provisions of the TLGP. Financial institutions opting out of the TAG coverage must display a notification to customers. The additional coverage is in effect until December 31, 2009, unless extended. Full text of the final Rule can be found at:

http://www.fdic.gov/news/board/08BODtlgp.PDF

Information For Attorneys   Information For Financial Institutions   What is IOLTA?   Contact Us    Other Resources

"Interest on Lawyers' Trust Accounts," or IOLTA, is a program mandated by the Supreme  Judicial Court.  It requires lawyers and law firms to establish interest-bearing accounts for  client deposits which are nominal in amount or expected to be short-term.  This site is  designed to provide information about what the committee does, to provide lawyers information for opening an IOLTA account, and provide banks information for setting up, maintaining, and  reporting on all IOLTA accounts.

REVISED IOLTA GUIDELINES: July 26, 2006 IOLTA Guidelines