If your bank is not currently participating in the IOLTA Program, please contact
Payal Vora via email, or call 512.320.0099,
Financial institutions may remit interest to the Texas Access to Justice Foundation
on a monthly or quarterly basis.
Monthly remittances are due 15 days following the end of the time period reported.
Example: Interest earned between March 1 and March 31 should be
remitted to the Foundation by April 15.
Quarterly remittances are calculated by calendar quarters.
Time Period of Interest Earned
Jan. 1 – Mar. 31
Apr. 1 – Jun. 30
Jul. 1 – Sept. 30
Oct. 1 – Dec. 31
Completing the IOLTA Remittance Report
Following are the steps required to complete the IOLTA Remittance Report:
- Complete the top portion of the report (including the Bank Code and Time Period).
- Report the interest earned, service charges [links to Service Charges in How to
Open and Manage IOLTA Accounts sub section] and net paid for each account. Accounts
earning $0.00 interest must also be reported.
- Calculate and report the totals for interest earned, service charges and net paid.
The total interest earned less total service charges should equal the total net
paid. The total net paid should equal the amount of your check to the Foundation.
- Report the interest rate or tiered rates and average balance. For quarterly remittances,
report the interest rate(s) and average balance for the last month of the quarter.
- New and closed accounts should be designated by N (new) or C (closed) in the far
right column. All accounts must be accounted for on each consecutive IOLTA remittance
report, including any open accounts earning $0.00 interest. Unless the account has
been designated as closed on the previous report, it should be listed.
- Report to the Foundation any errors in remittance as soon as possible. Upon receipt
of supporting documentation, refunds will be made for excess payments.
To obtain an IOLTA Remittance Report, contact
Payal Vora, at 512.320.0099, ext. 108.
We're Hiring a Program Officer
& Development Director
Dec. 16, 2015
Statement on Fed Funds
Rate Increase and Impact on IOLTA
Nov. 17, 2015
Western Bank Joins Prime Partner Program
Nov. 17, 2015
TAJF Honors Jim Harrington with Kleinman Award
Nov. 6, 2015
Nathan L. Hecht and William H. McRaven: It’s our turn to help veterans -
Dallas Morning News
Nov. 4, 2015
Nov. 9- 13 is Texas Veterans Legal Aid Week
Oct. 26, 2015
Pro Bono Week Celebrated at Texas Access to Justice Luncheon
Oct. 1, 2015
TAJF Announces Grants for Veterans' Legal Services
Sept. 8, 2015
Two New Members Appointed to the TAJF Board
July 30, 2015
More Than $63 Million in Grants to 30 Legal Organizations for 2015-17
July 3, 2015
TAJF accepting new
grant applications for legal services for victims of sexual assault and veterans
June 16, 2015
Names 2015 Equal Justice Works Fellows
June 3, 2015
Texas Legislature Provides Funding for State's Legal Aid System
May 17, 2015
All Texans should have access to the justice system
- McAllen Monitor
May 6, 2015
HB 1079 Moves to Senate -- Addresses Critical Legal Aid Funding Shortfall
May 4, 2015
Editorial: Texas must expand funding for legal aid -
Dallas Morning News
March 31, 2015
More state money is needed to provide legal representation for the poor -
Austin American Statesman
March 18, 2015
Legal aid for poor merits legislative approval - San Antonio
Feb. 18, 2015
Legal Aid Funding Shortfall Creates Risk for Texans and the State - Highlights of
Feb. 13, 2015
Press Conference on Legal Aid Funding to be held Feb. 18 at the Capitol