|
Remittance Information
If your bank is not currently participating in the IOLTA Program, please
email or call 512.320.0099,
ext. 108.
Financial institutions may remit interest to the Texas Access to Justice Foundation
on a monthly or quarterly basis.
Monthly remittances are due 15 days following the end of the time period reported.
Example: Interest earned between March 1 and March 31 should be
remitted to the Foundation by April 15.
Quarterly remittances are calculated by calendar quarters.
|
Quarter
|
Time Period of Interest Earned
|
Remit By
|
|
1
|
Jan. 1 – Mar. 31
|
Apr. 15
|
|
2
|
Apr. 1 – Jun. 30
|
Jul. 15
|
|
3
|
Jul. 1 – Sept. 30
|
Oct. 15
|
|
4
|
Oct. 1 – Dec. 31
|
Jan. 15
|
Completing the IOLTA Remittance Report
Following are the steps required to complete the IOLTA Remittance Report:
- Complete the top portion of the report (including the Bank Code and Time Period).
- Report the interest earned, service charges [links to Service Charges in How to
Open and Manage IOLTA Accounts sub section] and net paid for each account. Accounts
earning $0.00 interest must also be reported.
- Calculate and report the totals for interest earned, service charges and net paid.
The total interest earned less total service charges should equal the total net
paid. The total net paid should equal the amount of your check to the Foundation.
- Report the interest rate or tiered rates and average balance. For quarterly remittances,
report the interest rate(s) and average balance for the last month of the quarter.
- New and closed accounts should be designated by N (new) or C (closed) in the far
right column. All accounts must be accounted for on each consecutive IOLTA remittance
report, including any open accounts earning $0.00 interest. Unless the account has
been designated as closed on the previous report, it should be listed.
- Report to the Foundation any errors in remittance as soon as possible. Upon receipt
of supporting documentation, refunds will be made for excess payments.
To obtain an IOLTA Remittance Report,
email or call 512.320.0099, ext. 108.
|
Recent News
Nov. 5, 2020
Texas Veterans Legal Aid Week goes virtual, free clinics held Nov. 9 - 13
Oct. 21, 2020
Stop TX Eviction Launches to Keep Renters Housed
Oct. 1, 2020
TAJF Creates New Tate Rural Justice Fellowship
Sept. 22, 2020
Hispanic Issues Section Raises Funds for Legal Aid
Sept. 2, 2020
TAJF Adds Houston Attorney Travis Torrence to Board Aug. 25, 2020
TAJF
Names Former Texas Supreme Court Justice Deborah Hankinson as Board Chair
Aug. 12, 2020
TAJF Sponsors Five Equal Justice Works Fellows
Aug. 10, 2020
American Bar Association Appoints TAJF Executive Director to New Positions
June 25, 2020
Nearly 50 Prime Partner Banks Remain Committed to Funding Civil Legal Aid
June 9, 2020
No
Justice, No Peace - By Betty Balli Torres
May 21, 2020
Jamail
Endowment Supporting Legal Services for Texas Veterans Reaches $1M
May 2020
Join us for Justice Jam - May 20
A musical fundraiser for the Emergency Legal Aid Fund
April 16, 2020
Legal Aid
for Survivors of Sexual Assault Essential and Readily Available During COVID-19
Pandemic
April 9, 2020
TAJF
Establishes Emergency Legal Aid Fund to Help with COVID-19 Pandemic
Mar. 24, 2020
Statement on COVID-19 and the Impact on Legal Aid
More news
|
