IOLTA Administration

As of January 1, 2010, lawyers practicing in Tennessee, who hold client or third party funds, in pooled trust or escrow checking accounts, must enroll those accounts in the Tennessee IOLTA program. As such, the IOLTA program functions as a partnership between the legal community and the community of financial institutions. Click on the links below for explanatory materials.

• Open an IOLTA account (“Notice to Financial Institution”) PDF
• Eligible Financial Institutions
• FAQ
• 1984 and 1985 Supreme Court Orders (creating the Tennessee IOLTA program) (~3MB)
• Supreme Court Rule 43 – “Interest On Lawyers’ Trust Accounts”
• Rule of Professional Conduct 1.15 – “Safekeeping Property”