IOLTA Rule
A lawyers duties in holding client funds are defined in the Illinois Supreme Courts Rules of Professional Conduct, Article VIII, Rule 1.15, which includes the language that is commonly referred to as the "IOLTA Rule." To access the text of the rule, click here.

Rule 756
Under Supreme Court Rule 756, lawyers are required to disclose certain information about their client trust accounts as part of the annual attorney registration process. Click here to see a copy of the amended rule.

ARDC Client Trust Account Handbook
The Attorney Registration & Disciplinary Commission has prepared a helpful guide that gives detailed information on how to properly manage your client trust accounts. The handbook includes answers to many frequently asked questions. Click here to link to the handbook's table of contents.

Lawyer Enrollment in IOLTA
The lawyer or law firm enrolls in the IOLTA program by completing a sign-up form ("Notice to Financial Institution to Establish IOLTA Account") and submitting the form to his/her bank. The enrollment form instructs the bank to establish an IOLTA account for the attorney. Click here to download sign-up forms, or call the Lawyers Trust Fund at 312.938.2906 or 800.624.8962 to request additional copies.

Unlimited FDIC Coverage of IOLTA Accounts
Unlimited deposit insurance coverage of client funds in IOLTA accounts is in effect through December 31, 2012. The unlimited coverage is provided on IOLTA accounts at all financial institutions insured by the FDIC. The unlimited deposit insurance coverage is provided through an amendment to the Federal Deposit Insurance Act. The FDIC's final rule on this coverage can be viewed here: http://www.fdic.gov/news/board/2011Janno2.pdf