BOSTON — The past several months have seen the high courts in several states adopt amendments to IOLTA rules and guidelines with the goal of increasing IOLTA revenues, the National Association of IOLTA Programs reports.

In June, the Connecticut Superior Court endorsed a proposal for an amendment adding a comparability requirement to the state’s IOLTA rule. Effective Sept. 1, the amended rule will require banks holding IOLTA deposits to pay no less on those deposits than the highest interest rate or dividend paid to a bank’s own non-IOLTA customers when the IOLTA account meets the same balance or other eligibility qualifications.

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