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What is the IOLTA Honor Roll and must my financial institution be a member to offer IOLTA?

April 26, 2017financial institution honor IOLTA Offer roll

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What is the IOLTA Honor Roll and must my financial institution be a member to offer IOLTA?

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A. The IOLTA Honor Roll is a joint program of MLSC and the Maryland State Bar Association to encourage financial institutions to pay premium rates on IOLTA accounts. A financial institution is not required to join the Honor Roll, but such participation is strongly encouraged to assist in IOLTA’s charitable purposes (Honor Roll requirements and enrollment form). Honor Roll members are actively promoted to attorney members in a variety of mediums and forums, and participation is an excellent way for financial institutions to attract new attorney and law firm clients. Additionally, MLSC will provide a Community Reinvestment Act (CRA) statement verifying your participation in this important program, and provide other public recognition and promotion as appropriate.