IOLTA changes

Posted on January 9, 2013 by Ed Poll

Reminder note:  IOLTA protection has changed as of January 1st ... Be sure you review your clients' trust account to confirm that your accounts are in balance and that they are below the maximum now protected.  There no longer is unlimited protection ... and that means that you may be personally liable for a bank defalcation that impacts your holdings. Check with the FDIC, or call 1-877--ASK-FDIC, or talk to your local banker to learn more.

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