Senate panel moves bill to change interest rates paid on IOTA accounts

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Senate panel moves bill to change interest rates paid on IOTA accounts

Sen. Erin Grall

A Senate panel on Wednesday approved a measure that would give banks that participate in the IOTA program more flexibility to pay lower interest rates on lawyer trust accounts.

The Senate Judiciary Committee voted 7-2 to approve SB 498 by Republican Sen. Erin Grall, a Vero Beach attorney.

Posted In: Florida Bar Association