IOLTA RESOURCES FOR ATTORNEYS
Establishing an IOLTA Account
An attorney or law firm can establish an IOLTA account in a few simple steps:
- Contact an eligible financial institution* to set up an interest-bearing demand deposit account.
- Make sure the account is identified as a client trust account.
- Make sure the account uses the tax identification number (TIN) of the Lawyers Trust Fund (available on request from LTF).
- Download the Notice to Financial Institution/Notice of Enrollment Form. (Download Word document) (Download PDF document)
- Complete the first page of the form and provide it to the financial institution.
- Complete the second page and return it to the Lawyers Trust Fund.
* Under Rule 1.15, IOLTA accounts must be established at an eligible financial institution. A list of eligible financial institutions for IOLTA deposits is here. As of September 1, 2011, Rule 1.15 will define eligible financial institutions as those that agree to provide dishonored instrument notification under paragraph (h), and that (with respect to IOLTA) offer IOLTA accounts within the requirements of paragraph (f).
Contact LTF with Questions
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