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What do attorneys or law firms have to do to open an IOLTA account?

April 26, 2017account attorneys IOLTA law firms

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What do attorneys or law firms have to do to open an IOLTA account?

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The attorney or law firm must take the IOLTA Notice to Financial Institution to the financial institution in which the IOLTA account will be opened. This form instructs the financial institution how to establish an IOLTA account. Once the account is opened, the financial institution must complete the form. The attorney, law firm or bank must then mail or fax a copy of the completed form to the Texas Access to Justice Foundation. For more information, please see How to Open an IOLTA account.