Lower interest rates could spell disaster for IOLTA. |  |
Contingent on interest rates, IOLTA (Interest on Lawyers Trust Accounts) funds help sustain providers of invaluable legal services such as helping people combat discrimination, resolve disability claims, become independent from an abusive partner, and much more. Nationwide, IOLTA is the second largest source of funding for legal aid behind the federal government.
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IOLTA interest remittance instructions and forms |
The Wisconsin Trust Account Foundation, Inc. has created a Financial Institution IOLTA Account Manual for financial institutions in the IOLTA program. Please reference this manual for information regarding remittance and reporting requirements and forms.
Please note: Per amended Wisconsin Supreme Court rule 20:1.15, only allowable reasonable fees may be deducted from the interest or dividends earned on IOLTA accounts.
Questions on the IOLTA interest remittance process or forms? Contact us.
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| | D O N A T E | | | UPCOMING MEETINGS & EVENTS | | | WHAT'S NEW | More... | | PRIME PARTNER SPOTLIGHT |
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A Prime Partner member of the Wisconsin IOLTA program since its inception in 2010, Alliance Bank (New Ulm) understands that stronger communities are good for business. Alliance Bank goes above and beyond IOLTA participation requirements by paying additional interest on its clients’ IOLTA accounts - helping to expand access to civil legal services in Wisconsin.
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