Interest on Lawyers' Trust Accounts

Second round of settlement money coming to IOLTA

March 16, 2016
Marilyn Odendahl
Indiana’s IOLTA program is preparing to receive a multi-million dollar boost. The money is coming from a second round of funding released as part of the settlement agreement with the Bank of America as a penalty for financial fraud during the mortgage foreclosure crisis.
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BGBC: Who’s responsible for the IOLTA account? You are!

February 10, 2016
One of the most significant and important fiduciary duties that lawyers must perform is to safeguard all client and third-party property held in trust.
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Grant applications for mortgage settlement exceeding amount available

September 23, 2015
Marilyn Odendahl
Seven organizations have submitted applications to the Indiana Bar Foundation requesting just over $1 million in grants to help repair the damage from the housing crisis.
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Indiana attorney registrations due Oct. 1

July 28, 2015
Marilyn Odendahl
Indiana attorneys are being reminded to complete the annual attorney registration process and certify their IOLTA status by Oct. 1, 2015. Lawyers who fail to register by the deadline will incur late fees and possible license suspension.
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IBF establishes grant program with national settlement funds

July 17, 2015
Marilyn Odendahl
The Indiana Bar Foundation has established a new grant program to help residents and their communities heal wounds from the Great Recession.
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Federal bill gives equal treatment to IOLTA funds held at credit unions

December 12, 2014
Marilyn Odendahl
After months in limbo, a bill passed by the U.S. Senate Thursday will extend insurance coverage for IOLTA accounts.
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Indiana IOLTA expected to benefit from Bank of America settlement

August 25, 2014
Marilyn Odendahl
Indiana’s Interest on Lawyers’ Trust Account program is expecting to receive a portion of the federal government’s historic multi-billion-dollar settlement with Bank of America, bringing a much-needed influx of funds to the program that has suffered dramatic declines in revenues as a result of the economic recession.
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Fake IOLTA notice potential phishing scheme

October 9, 2013
IL Staff
Some lawyers received two email notices involving Interest on Lawyer Trust Accounts this week. But, only the one sent from the state courts is legitimate. The other may be a phishing scheme.
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Registration and IOLTA deadline looming

September 27, 2013
IL Staff
Time is running out for Indiana attorneys to complete their annual attorney registration payments and IOLTA certification. The deadline is Oct. 1.
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Legislation to supplement IOLTA funds passes

March 12, 2012
Jenny Montgomery
Effective July 1, a fee of $1 for every civil filing will be awarded to the Indiana Bar Foundation to augment funding for its pro bono districts.
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Bills would make changes to pro bono funding, court costs, early voting

January 5, 2012
Jenny Montgomery
Indiana’s 2012 legislative session promises to be a busy one, with hundreds of bills already filed and a short session deadline of March 14. Read about some of the bills Indiana Lawyer is watching.
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Civics program cuts staff

August 27, 2010
Rebecca Berfanger
The staff of the civics education program of the Indiana Bar Foundation will be restructured due to decreases in IOLTA funding available for next year, the IBF announced today.
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