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:

  1. Complete the top portion of the report (including the Bank Code and Time Period).
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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

 

Sept. 12, 2019

David Insley Awarded Randall Chapman Fellowship

Aug. 12, 2019

John Grisham Will Be Special Guest at TAJF 35th Anniversary Dinner

June 10, 2019

Texas Capital Bank Joins Prime Partner Program

April 15, 2019

MidSouth Bank Joins Prime Partner Program

April 5, 2019

Sexual assault is more common than you think - by Justice Eva Guzman - Houston Chronicle

April 4, 2019

Legal Aid Provides a Lifeline for Victims - by Betty Balli Torres - Austin American-Statesman  

Dec. 18, 2018

Victims of Domestic Violence and Sexual Assault Have Legal Aid Resources Available During the Holidays

Dec. 2018

Access to Justice For All Texas: 2018 Year-End Report 

Nov. 15, 2018

Perla Cavazos Appointed to TAJF Board of Directors

Nov. 7, 2018

Texas Veterans Legal Aid Week is Nov. 11-17

Oct. 18, 2018

Texas Rep. Oscar Longoria Honored with Legislative Hero Award

Sept. 10, 2018

Texas Brand Bank Joins Prime Partner Program

Sept. 5, 2018

Austin Capital Bank Joins Prime Partner Program

 

 

More news

© 2019 Texas Access to Justice Foundation