LBF staff will return to the office on May 18 but the office will remain closed to the public through August 31, 2020

IOLTA Information for Attorneys

Effective November 27, 2018 - Unclaimed Funds

The Louisiana Supreme Court amended the Louisiana Rules of Professional Conduct 1.15 concerning how lawyers and law firms should handle unclaimed funds accumulated in their IOTA accounts. The amended rule directs lawyers who discover unclaimed funds defined as client or third person funds on deposit in an IOLTA account for at least two years that after reasonable due diligence the owner cannot be located or the owner refused to accept the funds, to be remitted to the Louisiana Bar Foundation.

Effective March 23, 2016 - Unidentified funds

The Louisiana Supreme Court amended the Louisiana Rules of Professional Conduct 1.15 concerning how lawyers and law firms should handle unidentified funds accumulated in their IOLTA accounts. The amended rule directs lawyers who discover unidentified funds defined as funds in an IOLTA account for at least one year that after reasonable due diligence cannot be documented as belonging to a client, a third person or the lawyer or law firm, to be remitted to the Louisiana Bar Foundation. The new rule was effective on March 23, 2016.

Louisiana Rules of Professional Conduct 1.15 (amended Nov. 2018)
pdf Louisiana Supreme Court IOLTA Rule (81 KB)

Help the LBF and Bank at a Prime Partner Bank

Prime Partners are financial institutions that are committed to ensuring the success of the IOLTA Program and increased funding for civil legal aid.

The Louisiana Bar Foundation is a non-profit 501(c)(3) entity organized under the state of Louisiana.



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