Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Who notifies the banks?

April 26, 2017Banks notifies

0

Posted

Who notifies the banks?

1 Answer

0

Posted

The Indiana Bar Foundation notifies the lawyer’s bank of the lawyer’s intent to participate in IOLTA. In order to establish an IOLTA account, a lawyer or law firm should forward a copy of the Notice to Financial Institution Form to the Foundation, which will, in turn, forward a copy to the appropriate financial institution. This form specifically authorizes the financial institution to disclose to the Foundation necessary information necessary for the IOLTA account to be established, including, but not limited to, information designated by Indiana Rules of Professional Conduct Rule 1.15.