Identifying IOLTA Account Information Clause Samples

Identifying IOLTA Account Information a. Attorney name and/or law firm name on each IOLTA account. 1. Identification of the Trust nature of the account by use of the words AZ IOLTA or AZ Trust following the attorney or firm name on each IOLTA account b. The tax ID # to which the interest is being paid (the Foundation’s #) c. Transit or Routing number d. Branch ID e. Trust Account numbers f. Status of each account: report as Inactive (I) each reporting period that the account is still open, but not in use; report as Closed ( C ) the following reporting period only; report as New (N) the first month an account is open; report as Active (A) all continuously active accounts.