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Lawyer Trust Account Board (IOLTA)
The Lawyer Trust Account Board (LTAB) makes grants from funds generated by Interest on Lawyer Trust Accounts (IOLTA). The purpose of the IOLTA program is to enhance the availability of civil legal services to low-income people. Grants are made to programs that provide direct legal services, programs that support the provision of direct legal services, programs that deliver law related public education, and programs that work to enhancement the administration of justice.
In addition to the grantmaking function, LTAB administers attorney registration funds granted to the statewide lawyer assistance program, currently through a contract with Minnesota Lawyers Concerned for Lawyers. LTAB also administers a portion of the CLE for Pro Bono Rule.
Information for Attorneys and Financial Institutions:
IOLTA Account Frequently Asked Questions
Form to Establish an IOLTA Account
Lawyers Professional Responsibility Board Website - Information about maintaining trust accounts, including a list of all approved financial institutions and trust account overdraft notification information for financial institutions.
Information for Grantees:
LTAB Grant Information - The next round of grant applications will be due in May 2009.
Lawyer Trust Account Board Membership