What are unrestricted and restricted IIM accounts?
Unrestricted IIM accounts are those for which an Indian account holder determines the timing and amount of the disbursements from the account. Restricted IIM accounts must meet certain criteria before funds can be disbursed from them. Examples of restricted accounts include those for which OST does not have a current address on file for the beneficiary, those upon which a court order is imposed (e.g. for the payment of child support), or supervised accounts (e.g. when BIA Social Services is required to develop a distribution plan for how funds are authorized to be spent). Supervised accounts are most commonly created for adults in need of financial assistance or for minors until they reach 18 years old or the age of majority as determined by their tribe.
