IOLTA
(Interest on Lawyers' Trust Accounts)
The IOLTA Program is the result of a unique partnership between the banking and legal communities. The interest earned on these trust accounts is disbursed by the Louisiana Bar Foundation (LBF) to Louisiana's largest civil legal service programs, pro bono programs, battered women shelters, and numerous other community organizations that provide civil legal assistance to Louisiana's low-income citizens.
How the IOLTA Program Works
Glossary of IOLTA Terms
History of the IOLTA Rule
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As of July 1, 2023, the Benchmark (Safe Harbor) Rate is 3% as set forth in the Louisiana Supreme Court Rule 1.15 3(C).
IOLTA News
Louisiana Supreme Court Amends Rules of Professional Conduct 1.15
On November 27, 2018, the Louisiana Supreme Court amended the Louisiana Rules of Professional Conduct 1.15 concerning how lawyers and law firms should handle unclaimed funds accumulated in their IOTA ...
Read MoreLouisiana Supreme Court Amends Rule 1.15
On March 23, 2016, the Louisiana Supreme Court amended the Louisiana Rules of Professional Conduct 1.15 concerning how lawyers and law firms should handle unidentified funds accumulated in their IOLTA...
Read MoreLouisiana Supreme Court Orders IOLTA Comparability Rule
On January 3, 2008, the Louisiana Supreme Court granted the petition filed by the Louisiana Bar Foundation amending the LSBA Rules of Professional Conduct Rule 1.15 Safekeeping Property, IOLTA Rules. ...
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