The DC Bar Foundation administers the District’s Interest on Lawyers Trust Accounts (IOLTA) Program. The District of Columbia Court of Appeals created the DC IOLTA Program in 1985. IOLTA accounts are pooled trust accounts, and are for client funds that would not independently generate net interest because they are nominal in amount or are to be held for a short period of time.
Revenue from the DC IOLTA Program helps low income people in the District get help with civil legal problems affecting their most basic needs, such as access to food, shelter, jobs, and safety. Only approved financial institutions can offer DC IOLTA accounts, and only DC Prime Partner Banks pay the best interest rates on DC IOLTA account. DCBF encourages you to bank on justice by opening your IOLTA account at a DC Prime Partner Bank. Click here for information about the DC Prime Partner program, as well as materials to bring to your bank to enable them to sign up as a DC IOLTA Prime Partner.
Escheatment Procedures are available here: Download Escheatment FINAL.pdf.