Effective with reporting periods ending on October 31, 2018 or later:
Financial institutions should begin using our new IOLTA Remittance Report to report on their periodic IOLTA payments. The remittance report can be downloaded here: spreadsheet new IOLTA Remittance Report (309 KB) .
An institution that wishes to become an Eligible Financial Institution to hold IOLTA accounts must complete the document Compliance Statement Document (46 KB) .
IOLTA accounts must earn the same interest rates generally available to similarly-situated non-IOLTA accounts at your institution. The Compliance Statement will serve to inform us as to how you choose to implement the interest rate parity and other provisions of the rule at your institution. Please note, the Compliance Statement requires additional supporting documentation and is subject to review and acceptance by the Missouri Lawyer Trust Account Foundation. However, there is no additional review or documentation requirement for financial institutions choosing the Federal Funds variable rate option.
Financial institutions with questions on any of the required documents or procedures should contact us at