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Do all financial institutions participate in IOLTA?

April 26, 2017financial institutions IOLTA participate

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Do all financial institutions participate in IOLTA?

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A. Most do. An IOLTA account must be maintained only in a financial institution approved by the Vermont Professional Responsibility Board (“Board”). To be considered an approved financial institution, the institution must enter an agreement with the Board agreeing to provide the Board with written notification of any overdrafts in an IOLTA account. Check out the current list of Approved Financial Institutions.