Notice to Financial Institution/Notice of Enrollment

Financial institutions should set up IOLTA accounts as escrow, fiduciary, or trust accounts. Lawyers who want to establish an IOLTA account must complete the Notice to Financial Institution and the Notice of Enrollment (PDF) which LTF publishes as a single form. This notice gives authority to the financial institution to establish the account and contains detailed instructions to the bank about issues including naming the account; handling tax issues; and calculating and remitting interest.

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