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Instructions for the Interim Application to Transmit Funds to the MA IOLTA Committee1. Complete the Interim Application to Transmit Funds form and provide any supporting documentation as required.
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Attorneys in Pennsylvania who are participating in the Interest on Lawyers' Trust Accounts (IOLTA) program need attorney guidancepa iolta boardpa.
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Attorney Guidance PA IOLTA Board PA refers to the guidelines and regulatory framework governing the Interest on Lawyers' Trust Accounts (IOLTA) program in Pennsylvania, which ensures that interest earned on client funds held in trust by attorneys is used to support legal assistance for low-income individuals.
All attorneys in Pennsylvania who maintain IOLTA accounts are required to file the Attorney Guidance PA IOLTA Board PA form.
To fill out the Attorney Guidance PA IOLTA Board PA form, attorneys must provide detailed information about their IOLTA accounts, including account numbers, financial institutions, and any relevant client trust fund details as specified in the filing instructions.
The purpose of the Attorney Guidance PA IOLTA Board PA is to ensure compliance with IOLTA regulations, track the use of client trust funds, and promote the use of the interest generated to fund civil legal aid for those in need.
Attorneys must report information that includes the number and type of IOLTA accounts, interest earned, and any disbursements made from those accounts as required by the Attorney Guidance PA IOLTA Board PA form.
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