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#1003562 - 07/24/08 01:49 PM IOLTA New Account Disclosures

I think I have lost it! Is an IOLTA account considered a business account for purpose of disclosures, ie EFT, TIS, Check 21, etc?

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#1003703 - 07/24/08 03:08 PM Re: IOLTA New Account Disclosures
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Yes, because the account is maintained by an attorney or law firm in its business capacity.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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