If a transaction results in a trust account overdraft what types of information may the lawyer be required to provide to the grievance administrator?
The lawyer may be required to provide: 1. A signed written explanation for the overdraft or presentment of check(s) against non-sufficient funds specifically identifying the payee and purpose of the paid/returned check(s), the source and purpose of the related deposit, if any, and what steps, the lawyer took to rectify the situation, including paying any associated bank fees; 2. Copies (front and back) of the paid or returned item(s); 3. Copies of the account signature card, and the lawyers complete (all pages) IOLTA bank statements for the preceding three (3) months, including any statement(s) that reflect the overdraft(s); 4. Copies of any and all records that correspond with the lawyers last three monthly IOLTA bank statements referenced above, including but not limited to records showing the source and purpose of deposits and information as to the payee and purpose of checks drawn from the account; general ledgers; client ledgers; etc.; and, 5. The lawyers trust account reconciliat
