Our Programs
Formularios del programa IOLTA
Below are the official forms attorneys and financial institutions need to participate in and stay compliant with Arkansas’s IOLTA Program. These forms cover everything from setting up a new IOLTA account to annual reporting and unclaimed and unidentifiable funds.
If you’re an attorney or bank representative, use the sections below to find and download what you need. For full program requirements, refer to the IOLTA Program Guidebook.
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Formularios para abogados
Complete this form when establishing a new IOLTA account. Both the attorney and a representative of the financial institution must sign.
Once completed, mail or email the form to the Arkansas Access to Justice Foundation at 425 West Capitol Ave, Suite 480, Little Rock, AR 72201 or update@arkansasiolta.org.
Note that this form is in addition to any account paperwork your bank requires.
Submit this form to the IOLTA Program when your contact information changes, when you are closing an IOLTA account, or when your participation status changes.
If closing an account, note that you are responsible for ensuring any accrued interest is remitted to the Foundation before the account is closed.
If claiming an exemption, attach a completed Annual IOLTA Compliance Statement.
Mail or email the completed form to the Foundation at 425 West Capitol Ave, Suite 480, Little Rock, AR 72201 or update@arkansasiolta.org.
Required annually for all Arkansas-licensed attorneys. You can complete this form online at attorneyinfo.aoc.arkansas.gov or download the paper version and return it to the Clerk of Courts at 625 Marshall Street, Little Rock, AR 72201.
Attorneys in private practice with an IOLTA account should select compliance with an IOLTA account.
Attorneys who do not handle client funds, primarily practice in another state, or are retired or voluntarily inactive may qualify for an exemption.
If you are submitting an Attorney Change of Status to claim an exemption, attach a completed copy of this form to that submission.
Download and print this notice to display in your office. Required under Rule 1.15, it informs clients that their funds may be held in an IOLTA account and that any interest earned supports legal aid and access to justice programs in Arkansas.
Complete this form after making reasonable efforts for at least two years to locate or identify the rightful owner of funds in an IOLTA account.
Submit a separate form for each client.
Send the completed form and remittance to the Arkansas Access to Justice Foundation and a copy to the Arkansas Supreme Court Office of Professional Conduct.
If the funds belong to a deceased attorney’s estate, the executor or personal representative should complete the form.
Complete this notarized affidavit if you have since located the rightful owner of funds previously remitted to the Foundation as unclaimed or unidentifiable.
Submit it along with a copy of the original Report of Unclaimed or Unidentifiable Client Trust Account Funds.
Upon approval, the Foundation will return the funds for prompt remittance to the rightful owner.
Template letter attorneys can use to encourage their bank to become a Preferred IOLTA Bank.
Preferred banks voluntarily pay higher interest rates at no cost to attorneys, generating more funding for civil legal aid.
Formularios para bancos
Required for all financial institutions before accepting attorney trust accounts in Arkansas.
By signing this notarized agreement, the institution commits to reporting all trust account overdraft events to the Arkansas Supreme Court Office of Professional Conduct within the timeframes specified in Section 28 of the Procedures Regulating Professional Conduct.
The agreement applies to all branches of the institution and requires 30 days written notice to cancel.
Submit to the Office of Professional Conduct at 501 One Capitol Mall, Suite 3D-101 Little Rock, Arkansas 72201-1049
Complete this form for each IOLTA account where a remittance error was made.
The form requires documenting the actual transaction alongside the correct transaction, including interest rates, gross interest earned, and any permissible fees deducted.
Depending on the difference, either return a check payable to the Foundation with the completed form, or indicate that a refund is due from the Foundation.
Submit to the Arkansas Access to Justice Foundation at 425 West Capitol Ave, Suite 480, Little Rock, AR 72201 or email contact@arkansasiolta.org.
Downloadable Excel spreadsheet for reporting remittance to the Foundation.
An example of a properly completed remittance form for reference.
A compliance checklist outlining the requirements for financial institutions participating in the IOLTA Program.
The checklist distinguishes between requirements for all participating banks and the additional requirements for Preferred IOLTA Banks, which pay a higher interest rate in exchange for benefits including listing on the IOLTA website, inclusion in Arkansas Lawyer and Arkansas Banker magazine ads, and documentation of participation as a Community Reinvestment Act activity.
For full program rules, refer to the IOLTA Program Guidebook.
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