Guide to the IOLTA Program for Financial Institutions (Handbook)
The Maryland Legal Services Corporation (MLSC) has created a manual entitled A Guide to the IOLTA Program for Financial Institutions to explain IOLTA to those financial institutions offering Interest on Lawyer Trust Accounts on their attorney accounts. Some of the topics include:
- Account Establishment or Conversion
- Remittance to MLSC
- Reporting Requirements
- Use of Taxpayer Identification Number
MLSC has prepared forms for you to use to participate in the Interest on Lawyer Trust Accounts (IOLTA) Program. These forms include:
Forms may be downloaded individually and submitted by email to iolta [at] mlsc.org or mailed to MLSC (15 Charles Plaza, Suite 102, Baltimore, MD 21201).
If you need further information or if the MLSC staff can be of any assistance to you in your implementation or operation of the IOLTA program, please call us at 410-576-9494 or toll-free at 800-492-1340.