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| Ask your bank its current IOLTA
interest rate (250-plus California banks offer IOLTA accounts), or
e-mail us at iolta@calbar.ca.gov. |
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Through the years, many financial institutions have taken a
leadership role by increasing rates and reducing or waiving fees on
their IOLTA accounts. The generosity of these banks has increased
access to justice for hundreds of thousands of people who otherwise
would have nowhere to turn for help.
Under amended Business & Professions Code Sections
6091.2,
6211,
6212, and
6213 effective January 1, 2008, the law requires California
lawyers to place IOLTA accounts only at financial institutions that
pay dividend or interest rates to IOLTA customers comparable to
rates paid to similarly situated non-IOLTA customers, and that meet
other requirements.
Below is a list of financial Institutions that have met
IOLTA-eligibility requirements:
For more information about becoming an
“IOLTA-Eligible” financial institution, please review
the following documents:
For questions, e-mail IOLTA@calbar.ca.gov or call
415-538-2159.
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