PA IOLTA BOARD Helping to Secure Equal Access to Justice
BANK GUIDELINES INDEX
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Bank Guidelines PDF format
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Introduction
What is an IOLTA Account
Which Instituations May Offer IOLTA Accounts
How Will Attorneys Establish IOLTA Accounts
How Should the Board Be Notified of an Account Opening
How Should IOLTA Accounts be Registered
What are the Tax Consequences of IOLTA Accounts
Who Determines Whether Funds are "Qualified" for Deposit
What is an Institutions Liability for Payment of Funds
What Rate of Interest Must be Paid on IOLTA Accounts By Law
What About Confidentiality
How Must Interest Be Calculated
How Should Interest Be Remitted to the Fund
How Should Reports Be Issued
May IOLTA Accounts Be Assessed Service Charges
How Should Service Charges Be Posted
What About Non-Routine Charges or Fees
Must New Checks Be Issued if an Existing Account is Converted
How May an Institution Reconcile an Error in Interest Remittance
Conclusion
Remittance Instructions
ACH Procedures
Enrollment Form
