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#1207754 - 06/25/09 03:47 PM IOLTA $ sweeping outside the bank?
deeb Offline
Member
Joined: Aug 2002
Posts: 72
MI
Can funds from an IOLTA account sweep to an investment (outside the bank), and if so; are there any conditions to the investment product?
_________________________
Dee

CAMS, CRCM

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#1265634 - 10/13/09 05:46 PM Re: IOLTA $ sweeping outside the bank? deeb
ComplianceGurl, CRCM Offline
Platinum Poster
Joined: Jul 2007
Posts: 500
You can go to www.msbf.org (Michigan State Bar Foundation) for alot of information on IOLTA's. On that site you'll find a Michigan Financial Institutions IOLTA handbook which is very helpful with these accounts! Good luck!

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