Common use of IOLTA AND IORETA Accounts Clause in Contracts

IOLTA AND IORETA Accounts. An “IOLTA” (Interest on Lawyer’s Trust Accounts) is an interest bearing account on which you can draw checks, established pursuant to Section 51-81c of the Connecticut General Statutes or the successor thereto. All interest earned on an IOLTA is paid to an entity designated under rules adopted by the Connecticut Superior Court. An “IORETA” (Interest on Real Estate Trust Accounts) is an interest bearing checking account on which you can draw checks, established pursuant to Section 8- 265f of the Connecticut General Statutes or the successor thereto. All interest earned on an IORETA account is paid to the Connecticut Housing Finance Authority.

IOLTA AND IORETA Accounts. An “"IOLTA” " (Interest on Lawyer’s Xxxxxx's Trust AccountsAccount) is an interest bearing savings account on which you Depositor can draw checks, established pursuant to Section 51-51- 81c of the Connecticut General Statutes or the successor thereto. All interest earned on an IOLTA is may be paid to an entity designated under rules adopted by the Connecticut Superior Court. An “"IORETA” " (Interest on Real Estate Trust AccountsTrusts Account) is an interest bearing checking savings account on which you Depositor can draw checks, established pursuant to Section 8- 8-265f of the Connecticut General Statutes or the successor thereto. All interest earned on an IORETA account is paid to the Connecticut Housing Finance Authority.

IOLTA AND IORETA Accounts. An “IOLTA” (Interest on Lawyer’s Trust Accounts) is an interest bearing account on which you can draw checks, established pursuant to Section 51-81c of the Connecticut General Statutes or the successor thereto. All interest earned on an IOLTA is paid to an entity designated under rules adopted by the Connecticut Superior Court. An “IORETA” (Interest on Real Estate Trust Accounts) is an interest bearing checking account on which you can draw checks, established pursuant to Section 8- 8-265f of the Connecticut General Statutes or the successor thereto. All interest earned on an IORETA account is paid to the Connecticut Housing Finance Authority.