IOLTA New Account Disclosures

Posted By: Anonymous

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

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

Re: IOLTA New Account Disclosures - 07/24/08 03:08 PM

Yes, because the account is maintained by an attorney or law firm in its business capacity.