Supreme Court offices

Office of Lawyer Regulation

Information for financial institutions

Wisconsin's financial institutions play a key role in the maintenance of lawyer trust accounts and fiduciary accounts by enabling lawyers to comply with the Wisconsin Supreme Court's overdraft notification and IOLTA requirements. The information on this website is designed to assist financial institutions in understanding the requirements that lawyers must meet in connection with trust and fiduciary accounts.

Wisconsin's trust account rule

Guide for financial institutions Adobe PDF regarding trust account rules that relate to the lawyer's financial institution
Supreme Court Rule 20:1.15 Adobe PDF, effective January 1, 2011

Overdraft reporting

Agreement Adobe PDF to notify the Office of Lawyer Regulation of overdrafts on lawyer trust accounts and fiduciary accounts

Accounts that are subject to overdraft notification requirements Adobe PDF
Procedures in overdraft investigation Adobe PDF

IOLTA requirements

Lawyers who receive funds in trust are required to maintain pooled, interest-bearing or dividend-paying draft accounts, called IOLTA accounts.  The Wisconsin Trust Account Foundation (WisTAF) administers Wisconsin's IOLTA program.  Lawyers must maintain their IOLTA accounts in IOLTA participating institutions.
Checks - Format guidelines for IOLTA checks Adobe PDF
Identification and titling of IOLTA accounts Adobe PDF
Insurance requirements for IOLTAs Adobe PDF
IOLTA agreement Adobe PDF
IOLTA participating institutions (external link) 

Frequently asked questions

Credit card trust accounts Adobe PDF
Online banking Adobe PDF
Remote deposits to credit card trust account Adobe PDF
SPD (State Public Defender) direct deposits Adobe PDF

Contact information: For questions regarding the overdraft notification program or OLR's forms, please contact the OLR Trust Account Program at: (608) 261-8296 or toll-free at (877) 315-6941 (Option 2).

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