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The Certificate of Registration requests information regarding Interest on Lawyers’ Trust Accounts (IOLTA) and Interest on Trust Accounts (IOTA). What is that?

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The Certificate of Registration requests information regarding Interest on Lawyers’ Trust Accounts (IOLTA) and Interest on Trust Accounts (IOTA). What is that?

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As an attorney, you are required to identify each escrow/trust account in which the funds of two or more clients or third parties have been deposited by you, your law firm, or an ancillary business related to the practice of law in which you are a principal. As part of your registration, you are asked to provide information regarding Interest on Lawyers’ Trust Accounts (IOLTA) and Interest on Trust Accounts (IOTA). The information you provide relating to your accounts and any applicable exemptions will be forwarded to the Ohio Legal Assistance Foundation and will not be maintained by the Office of Attorney Services. If you need help completing the IOLTA/IOTA portion of the Certificate of Registration, please contact the Ohio Legal Assistance Foundation at 614.752.8919 or at www.olaf.org.

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