Interest on Lawyers Trust Accounts Program
Attorney Participation |
The New Hampshire Supreme Court adopted Rule 50 in 1982 to establish the Interest on Lawyers Trust Accounts (IOLTA) Program in New Hampshire. Through IOLTA, interest earned on lawyers’ trust accounts that are either too nominal or held for too short a time period to warrant establishment of a separate client account, is forwarded to the New Hampshire Bar Foundation to be used for charitable purposes. Attorney participation in IOLTA supports the statewide IOLTA Grants Program. IOLTA grants fund nonprofit organizations that provide free or reduced-fee civil legal services to our most disadvantaged residents, and/or educational programs about the law and the courts.
Forty financial institutions in New Hampshire participate in IOLTA, with many currently designated as IOLTA Leadership Banks. Leadership Banks create special rates for IOLTA that exceed the bank's standard NOW account rate and waive routine service charges.
Please contact Mary White, Finance and IOLTA Coordinator, at email@example.com or 603-715-3210 if you have any questions about IOLTA accounts.
Banks with IOLTA Programs
Detailed Information about IOLTA
"Centrix Bank has been a Leadership Bank in the IOLTA Program since we opened for business in 1999. We are proud to partner with the NH Bar Foundation on this initiative as the funds generated through this program provide valuable services to the underserved citizens of New Hampshire."
-- Joseph B. Reilly, President/CEO, Centrix Bank