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.
Sept. 12, 2014
TAJF Announces Grants for Veterans' Legal Services
TAJF Announces Grants to 30 Nonprofits
for Civil Legal Aid
Sept. 3, 2014
Statement from the Chair on Bank of America Settlement, Funding Legal Aid
July 31, 2014
Free Statewide Legal Services to Be Available Remotely on Texas DACA Day
July 1, 2014
Justice Guzman to lead Court's Access to Justice Efforts
June 6, 2014
Texas DACA Day to be Held Aug. 16
March 10, 2014
Growing Number of Texas Lawyers are Banking on Justice - Public News
Jan. 30, 2014
TAJF Honors William O. Whitehurst for Efforts in IOLTA Program's Beginning
Jan. 17, 2014
TAJF Marks 30th Anniversary, Joins With LSC For Panel, Texas Pro Bono Service Awards
TAJF Turns 30 this year! See information about our Anniversary Kickoff Event, Jan. 23
about "Success Stories" 2013 and how you can help TAJF write new stories
Nov. 19, 2013
Texas Corporate Counsel Community Raises $48,000 for Civil Legal Services
Nov. 18, 2013
State Bar of Texas Announces Move to a Prime Partner Bank
Serving the Legal Needs of Those Who Served - Veterans Day 2013
November is Prime Partner Bank Recognition Month!
Oct. 29, 2013
TAJF Seeks Director of Finance
Oct. 22, 2013
Pro Bono Week Kickoff Event Honors New Supreme Court Justice and Access to Justice Supporters
Oct. 18, 2013
The application period for the Texas Equal Justice Works Fellowship program has
been extended to Dec. 1