IOLTA for Banks
Banks committing to contributing 100% of IOLTA interest
If your bank would like to join this list, please contact the IOLTA Administrator
FDIC Updates
Arizona IOLTA Newsletter
Arizona Attorney General's Office Issues Opinion on IOLTA Interest
Community Reinvestment Act News
For more information about applying your bank's IOLTA contribution toward CRA credit, please contact the IOLTA administrator.
IOLTA Bank Information and Resources
Participation in Arizona's IOLTA program is voluntary for financial institutions. Financial institutions are invited to submit the Annual Participation Certification below to become approved participants in the program.
Updated 05/14/2010 |
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Updated 05/14/2010 |
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Updated 05/14/2010 |
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Updated 05/14/2010 |
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Updated 05/14/2010 |
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Updated 05/14/2010 |
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Updated 5/11/2009 |
Arizona IOLTA Newsletter
The Arizona IOLTA program is committed to regular communication with our banking partners. We will be publishing a periodic newsletter to share with you information of interest about the Arizona IOLTA program.
Please click here to see the July edition of our newsletter.
Newsletter Archives
April 2010
FDIC Updates
On June 22, 2010, the FDIC adopted a final rule extending the TAG program including restrictions on the interest calculations on NOW deposit. Please note that IOLTA accounts are approved separately from other types of NOW deposits and thus are not subject to the rate restriction guidelines. For details, visit http://www.fdic.gov/news/board/rule2.pdf and http://www.fdic.gov/news/board/memo3.pdf. For additional FDIC deposit insurance updates, visit http://www.fdic.gov/deposit/deposits/changes.html
Arizona Attorney General's Office Issues Opinion on IOLTA InterestArizona Attorney General Opinion I09-005 concludes that, under Arizona law, the Arizona Foundation for Legal Services & Education owns the entire beneficial interest in and has the exclusive right to the interest income generated, minus a reasonable service charge or fee, on trust accounts required to be established by attorneys pursuant to the provisions of the Arizona State Bar's Interest on Lawyers Trust Accounts ("IOLTA") program, established by Rule 43 of the Rules of the Supreme Court. Read Opinion. |
Online Services
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