Virgin Islands Converts to Mandatory IOLTA Program, Adopts Interest Rate Comparability with Rule Amendment
Effective January 1, 2017, the Supreme Court of the Virgin Islands amended Supreme Court Rule 211, which governs the Virgin Islands IOLTA program. The amendments change attorney participation in the IOLTA program from voluntary to mandatory, establish interest rate comparability, remove oversight of the program from the U.S. District Court of the Virgin Islands, and establish oversight within the Supreme Court of the Virgin Islands. With these amendments, the Virgin Islands becomes the 49th IOLTA program within the United States and its territories to require mandatory attorney participation and the 36th program to adopt interest rate comparability.
2017 Summer IOLTA Workshops
The 2017 Summer IOLTA Workshops will take place in New York, New York on August 10-11, 2017 at the Marriott Marquis. The IOLTA Workshops, co-sponsored by the ABA Commission on IOLTA and the National Association of IOLTA Programs, provide topical sessions for IOLTA program executive directors, staff members, and trustees. Registration information is available at ambar.org/annual.