Interest on Lawyers Trust Accounts Program
Attorney Participation |
Bank Info
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. A vast majority of attorneys elect to participate in IOLTA, thus supporting 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, eighteen of which are 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 mwhite@nhbarfoundation.org or 603-715-3210 if you have any questions about IOLTA accounts.
Banks with IOLTA Programs
Detailed Information about IOLTA
Testimonials
"At TD Banknorth we are committed to making a meaningful and positive contribution to individuals, families,
businesses and communities within our marketplace. We are proud of our history as an IOLTA Leadership Bank."
-- R. Scott Bacon, President and CEO, TD Banknorth
"Homelessness averted, safety secured, fairness attained, dignity preserved. New Hampshire Bar Foundation's
IOLTA Grants play a key role in Pro Bono's capacity to achieve these goals and more for low-income families and
seniors through the coordination, leveraging and support of volunteer attorney resources. And, significantly, Bar
Foundation backing gives Pro Bono the financial wherewithal to take on new challenges and create new volunteer
solutions to the legal needs of people living in poverty."
-- Ginny Martin, Director, NH Bar Association Legal Services
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