Funds Deposited with the Court
In accordance with Fed. R. Civ. P. Rule 67, and 28 U.S.C. § 2041 -- parties may deposit funds into the court's registry for cases involving monetary judgments. A court order is required before funds may be accepted and receipted into the court's registry. The court order may further provide for investment of the funds into an interest bearing account within the Court Registry Investment System (CRIS), maintained by the Clerk of Court.
A Registry Fee, not to exceed 10% of interest earned, will be collected on funds ordered invested into an interest bearing account, as directed by the Judicial Conference of the United States (JCUS) and authorized by Congress, pursuant to 28 U.S.C. § 1914 and the Southern District of Indiana's Order Regarding Deposit of Funds with the Court.
Disbursement of Registry Funds:
Pursuant to 28 U.S.C. § 2042, no funds in the registry may be disbursed except by order of the court. The proposed court order to disburse funds must include each payee's full name, complete address, the amount to be disbursed to each payee, and a completed IRS Taxpayer Identification Form (W-9) for each payee.