Lawyers’ Trust Accounts Board Helping to Secure Equal Access to Justice
Apply for an Exemption
Exemptions are not automatic. A judicial official may submit a written request for exemption with respect to the maintenance of a MJ-IOTA account. All requests by a judicial official must be made on the judicial official’s official letterhead, and all requests must set forth in reasonable detail the basis for the requested exemption.
- Low balance
If the average daily balance of your current IOLTA account, as measured over twelve months, is less than $5,000, you may request an exemption.
- Bank service charges routinely exceed the income
If the bank service charges assessed on your current IOLTA account routinely exceed the interest earned, you may request an exemption.
- Extreme Impracticality
See 204 Pa. Code 81.307(3).
- Other compelling and necessitous reasons
See 204 Pa. Code 81.307(4).
How Do I Apply for an Exemption?
Send a written request to the IOLTA Board’s executive director. Identify the exemption category for which you are applying and explain why you qualify. For a low balance exemption or excessive service charges exemption, you must include bank statements for your current IOLTA Account from the last twelve months.