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What is IOLTA?

  • Jun 21, 2016
  • 1 min read

IOLTA stands for Interest on Lawyers Trust Accounts.  IOLTA programs operate in every state, DC, and the Virgin Islands.  Established by courts or legislatures, the programs allow lawyers to place nominal or short-term client funds in a single interest-bearing account.  Interest is remitted to a designated program – here the DC Bar Foundation.

 
 
 

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