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Minnesota IOLTA Program

The Interest on Lawyer Trust Accounts (IOLTA) Program was created in 1982 through Rule 1.15 of the Minnesota Rules of Professional Conduct.  The purpose of the IOLTA program is to enhance the availability of civil legal services to low-income people.  Grants from IOLTA revenue are administered by the Legal Services Advisory Committee (LSAC) and are made to programs that provide direct legal services, support the provision of direct legal services, deliver law related public education, and work to enhance the administration of justice. 

Information for Attorneys:

IOLTA Account Frequently Asked Questions

Minnesota State Bar Association (MSBA) Prime Partners Website - Lists banks that pay preminum rates on IOLTA accounts and do not charge fees.

Lawyers Professional Responsibility Board Website - Information about opening and maintaining trust accounts, including a list of all approved financial institutions.

Form - Establish an IOLTA Account

Information for Banks:

IOLTA Account Frequently Asked Questions

Form - Bank IOLTA Financial Remittance Report (this is a sample form for account information sent by mail)

If your bank is interested in submitting the remittance report electronically, please email and request a .csv template.  Banks with fewer than ten IOLTA accounts do not need a .csv template and can email the form provided above.

Lawyers Professional Responsibility Board Website - Includes information on how to become an IOLTA approved bank, including the Trust Account and Overdraft Notification Agreement

Information for Grantees and Interested Applicants:

Legal Services Advisory Committee (LSAC)

Legal Services Grant Program Manager
Send an email via our contact form

Minnesota Judicial Center (MJC)
25 Rev. Dr. Martin Luther King Jr. Blvd.
St. Paul, MN 55155