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IOLTA/IOTA

SECURE ENROLLMENT FORM

INTEREST ON LAWYERS' TRUST ACCOUNTS (IOLTA)
INTEREST ON TRUST ACCOUNTS (IOTA)
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NAME OF ELIGIBLE FINANCIAL INSTITUTION:
NAME OF LAW FIRM/ENTITY (Depositor) :
CONTACT PERSON FOR LAW FIRM/ ENTITY :
 

Depositor will participate in the:

TYPE OF PROGRAM:

The depositor hereby instructs the financial institution to establish an IOLTA/IOTA account in the name of the depositor, as follows:  

( 1 )  The depositor's IOLTA/IOTA account is to be established at an “eligible institution” as determined by the Connecticut Bar Foundation (a listing can be found here). The account shall be maintained as an interest-bearing checking account or an investment product which is a daily (overnight) financial institution repurchase agreement or an open-end money-market fund.  

( 2 )  Most banks waive service charges in Connecticut. If not waived, any service charges must be limited to “allowable reasonable fees” as defined in the Connecticut Practice Book, Rule 1.15 effective January 1, 2020 or the amount of interest which has accrued in the depositor's IOLTA/IOTA account, whichever is less.  

( 3 ) All accrued interest shall be remitted to the Connecticut Bar Foundation, together with a statement indicating the name of depositor, account number, average principal balance for the period reported, amount of interest accrued, interest rate, and amount of service charge (if any) deducted in accordance with the institution’s standard accounting practices.  

( 4 ) The taxpayer I.D. number for all IOLTA/IOTA accounts is #06-6079763.  

( 5 ) Accrued interest shall be remitted to the Foundation’s account by ACH transfer or by check mailed to:

       The Connecticut Bar Foundation
       31 Pratt Street, Suite 420
       Hartford, CT 06103

( 6 ) Depositor hereby agrees that it shall have sole responsibility for determining what funds shall be deposited to the following IOLTA/IOTA account:

 

TRUST ACCOUNT #:
AUTHORIZED BANK REPRESENTATIVE :
LAWYER JURIS # (if applicable):
Country
Address Line 1
City
State
Postal Code
TELEPHONE:
FAX:

You will receive a confirmation email after submitting this form. Please save it for your records. 

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