To remain eligible to hold IOLTA accounts, financial institutions that are not using the Safe Harbor Rate option must notify LTF and obtain approval before adjusting the interest rate paid on IOLTA accounts. To notify LTF of the proposed new rate(s), financial institutions should complete and submit the IOLTA Rate Adjustment Application. The application has the same certification and documentation requirements as the Application for Certification. The interest rate change must be approved by LTF as a comparable rate at that financial institution. Failure to comply could result in loss of eligibility to hold IOLTA accounts.